A Limit Order Is an Order to a Broker to Buy

question 13

True/False

A limit order is an order to a broker to buy a specific stock within a specific timeline. This allows the investor to confirm purchases are made by the end of the specified trading day.

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Definitions:

Powers

Authorities or capabilities granted to an individual, organization, or governmental body to perform certain actions or make decisions within a legal or regulatory framework.

Amendment

A formal change or addition proposed or made to a document, statute, or legal contract.

Veto

The power to unilaterally stop an official action, especially the enactment of legislation.

Enact

To make into law by official decree.