TRADING
Limit Order
An instruction to trade only at a specified price or better.
Market use
Provides price control but not execution certainty.
What it means
An instruction to trade only at a specified price or better.
Example
A buy limit below the market waits unless sellers become available at that price or lower.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.