limit bid
The term "limit bid" is used in both financial trading and the card game Bridge, each with distinct meanings relevant to their contexts.
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Definition
C1Finance and Trading
(technical)An offer to buy or sell a security at a specified maximum price, ensuring the transaction occurs at that price or lower.
Example
- She placed a limit bid of $50 for the stock, meaning she would only buy if the price dropped to $50 or below.
C1Card Game
(technical)A bid in Bridge that indicates a specific range of points and card distribution, helping the player's partner gauge their hand's strength.
Example
- His limit bid in Bridge showed he had a strong hand with 10 to 12 high card points.
Similar
Terms that have similar or relatively close meanings to "limit bid":
fixed limittime limitdirect limitterm limitinverse limitcity limitbid downpush the limit