Common use of Limit Order -- An Order Clause in Contracts

Limit Order -- An Order. (other than a Market Order) to buy or sell the identified Currency, or pair of Currencies, at a specified Foreign Exchange Rate or metal at a specified spot rate. A Limit Order to buy generally will be executed when the Ask Price equals or falls below the Foreign Exchange Rate or the metal rate as specified in the Limit Order. A Limit Order to sell generally will be executed when the Bid Price equals or exceeds the Foreign Exchange Rate or metal rate specified in the Limit Order.

Limit Order -- An Order. (other than a Market Order) to buy or sell the identified CurrencyCurrency or spot metal, or pair of CurrenciesCurrencies or metals pair, at a specified Foreign Exchange Rate or metal at a specified spot rate. A Limit Order orders are executed at the order rate or better. Sell limit orders are filled when the bid reaches the requested rate; limit orders to buy generally will be executed when are filled on the Ask Price equals or falls below the Foreign Exchange Rate or the metal rate as specified in the Limit Order. A Limit Order to sell generally will be executed when the Bid Price equals or exceeds the Foreign Exchange Rate or metal rate specified in the Limit Orderoffer.

Limit Order -- An Order. (other than a Market Order) to buy or sell the identified CurrencyCurrency or metals pair, or pair of CurrenciesCurrencies or metals pair, at a specified Foreign Exchange Rate or metal at a specified spot rate. A Limit Order orders are executed at the order rate or better. Sell limit orders are filled when the bid reaches the requested rate; limit orders to buy generally will be executed when are filled on the Ask Price equals or falls below the Foreign Exchange Rate or the metal rate as specified in the Limit Order. A Limit Order to sell generally will be executed when the Bid Price equals or exceeds the Foreign Exchange Rate or metal rate specified in the Limit Orderoffer.