CoachA limit order is an order to buy at a stated price or lower, or to sell at a stated price or higher; the part that cannot execute at once rests in the book until it executes, is cancelled or expires. A market order is an order to buy or sell a quantity at the best prices available; it never rests.
Quantitative Finance · Glossary
What is Limit order, market order?
Also known as: limit order · market order