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Finance Glossary

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Stop Limit Order

Definition:

See Stop Loss, Buy Stop, Sell Stop...hell, all the stop references. The wrinkle is that this type of order combines the features of a stop order and a limit order. If you're short the stock, you probably entered a buy stop to limit your losses. The "limit" is that you don't want to execute that buy stop at a higher price than the buy stop price.

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