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Simple English definitions for legal terms

stop-limit order

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A quick definition of stop-limit order:

A stop-limit order is a type of instruction given to a broker to buy or sell a security when its price reaches a certain level. This helps investors protect themselves from sudden changes in the market by setting a predetermined price. It can be used to buy or sell a security and is executed only when the price reaches the specified level. It is also known as a stop-loss order or stop-limit order.

A more thorough explanation:

A stop-limit order is a type of stock market order that combines the features of a stop order and a limit order. It is an instruction given by an investor to a broker to buy or sell a stock when it reaches a certain price (the stop price) and to execute the trade at a specific price (the limit price) or better.

For example, if an investor owns shares of XYZ stock that are currently trading at $50 per share and wants to sell them if the price drops to $45, they can place a stop-limit order with a stop price of $45 and a limit price of $44. If the stock price falls to $45, the order becomes active, and the broker will try to sell the shares at $44 or better. If the stock price drops below $44, the order will not be executed, and the investor will continue to hold the shares.

Another example is an investor who wants to buy shares of ABC stock but only if the price drops to $20. They can place a stop-limit order with a stop price of $20 and a limit price of $21. If the stock price falls to $20, the order becomes active, and the broker will try to buy the shares at $21 or lower. If the stock price rises above $21, the order will not be executed, and the investor will not buy the shares.

Stop-limit orders are useful for investors who want to limit their losses or protect their gains. They are commonly used in volatile markets where stock prices can fluctuate rapidly.

stopgap zoning | stop-loss order

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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