You Have Placed a Stop Limit Order

question 15

Multiple Choice

You have placed a stop limit order. It means that:

• A) you are guaranteed an execution at the limit price when the stock hits the stop price
• B) you are guaranteed an execution at the stop price when the stock hits the limit price
• C) you are not guaranteed an execution
• D) none of the above

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Definitions:

Default Judgment

A judgment entered by a court against a defendant who has failed to appear in court to answer or defend against the plaintiff’s claim.

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.

Negligence

The failure to exercise the standard of care that a reasonable person would exercise in similar circumstances.

Electronic Discovery

The process by which electronic data is sought, located, secured, and searched with the intent of using it as evidence in a legal case.