Glossary
- L/E-DAX
- Laspeyres index
- Last price
- Late indices
- Lead brokers
- Lead manager
- Legal Entity Identifier
- Leverage (Warrant)
- Liability for statement made in a propectus (Prospekthaftung)
- Limit
- Limit order
- Line chart
- Liquidity
- Liquidity Category
- Liquidity Classes
- List price
- Listing
- Load (XTF)
- Loan value
- Lockup period
- Lokomarket
- Lombard rate
- Long position
- Low
Limit
Upper or lower price limit up to which a securities order is to be executed.
A limit is used to specify the highest purchase price for a security purchase and the lowest selling price for a security sale at which an order is to be executed. In the case of shares, the limit is specified in euros, and in the case of bonds, it is usually specified as a percentage.
A buy or sell order with a price limit is called a limit order, as distinguished from a market order without a limit.
In the event of a corporate action or a suspension from trading, all open limit orders in the order book are deleted. This gives all players the opportunity to adjust their limits to a new market situation
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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