Examlex
The rental of a car, which includes a fixed daily rate plus an extra fee for each mile driven, is an example of a step cost.
Limit Order
An order to buy or sell a security at a specific price or better.
Maximum Possible Loss
The worst-case scenario loss that an investment or portfolio could suffer during a specified period.
Short 100 Shares
The action of selling 100 shares of stock that one does not own, betting that the stock's price will decline and it can be repurchased at a lower price for a profit.
Market Price
The current price at which an asset or service can be bought or sold in the market.
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