Term
Limit order
An instruction to buy only up to a maximum price, or to sell only down to a minimum price. It fills at the price you chose or a better one, or it does not fill at all.
In pesos: A limit order to buy at $50 MXN will never pay $50.40: if nobody sells at $50 or less, the order waits and, depending on how long you set it to last, it may expire without filling.
Where to go deeper
3/4 6 min Read How a stock exchange actually works What happens between pressing buy and owning a share: the order book, the BMV, its hours, who regulates it, what an index is and what you would see if you walked in.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.