An order to purchase a Security at or below a specified price. A Buy Limit order allows traders and investors to specify the price that they are willing to pay for a security, such as a stock. By using a buy limit order, the investor is guaranteed to pay that price or better, meaning that he or she will pay the specified price or less for the purchase of the security.
Source: Investopedia
This post first appeared on MMO, Gaming, SEO, Tech, Reviews, News: Gameforumer, please read the originial post: here