1. An order was given by an investor to a stockbroker or commodity broker restricting a particular purchase to a stated maximum price or a particular sale to a stated minimum price. Such a limit order will also be restricted as to time; it may be given firm for a stated period or firm until canceled.
2. The maximum fluctuations ( up or down) allowed in certain markets over a stated period (usually one-day “trading). In some volatile circumstances, the market moves the limit up (or down). The movement of prices on the To Kyo Stock Exchange is limited in this way as It is on certain US commodity markets.
