Business and Personal Finance Dictionary

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• STOP LIMIT
  
  Is a combination of a Stop and Limit order. In the case of a Sell Stop Limit, a Stop Price is given and the same or lower Limit Price is given. The market must decline down to this price or range to become executable. In the case of a Buy Stop Limit, a Stop Price is given and the same or higher Limit Price is given. The market must advance up to this price or range to become executable. Therefore, this type of order can only be executed at one price or a range of prices. Typically, this range is rather narrow.
  
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