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Finance Dictionary and Glossary of Investment Terms
Or better
Definition 1.
Used in the context of general equities. Indication on the order ticket of a limit order to buy or sell securities at a price better than the specified limit price if a better price can be obtained. Does not imply a not-held order, but rather puts more emphasis on executing at the limit if available.
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Definition 2.
Condition on an order instructing the broker to buy at or below the specified price, or to sell at or above the specified price.
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