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Simple English definitions for legal terms

stop-limit order

Read a random definition: New Jersey

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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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
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20:50
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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
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JumpySubsequentDolphin
22:45
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