Definition of Buy Limit
A pending order to buy at a price below the current market price. It is placed when a trader expects the price to fall to a specific level before rising.
At a glance
Term
Buy Limit
URL slug
buy-limit
Category
Orders & execution
Short answer
A pending order to buy at a price below the current market price.
Deep dives
Full A–Z glossary
Example
Example: a buy limit below market does not guarantee a fill if price never prints at your limit. Choose “Buy Limit” based on price priority versus fill priority.
Common mistake
Common mistake: using “Buy Limit” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Buy Limit” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
A pending order to buy at a price below the current market price.
Order type and fill behaviour around “Buy Limit” decide whether entries and stops execute near the price you planned.
Common mistake: using “Buy Limit” as loose slang while your broker/platform specification defines it more narrowly.