Limit - on - Close (LOC) orders seek to purchase or sell a specific number of shares but only if the closing price is at or better than their limit price. (nyse.com)
In order to avoid slippage, investors may avoid market orders, orders to buy or sell a specific number of shares at the best price available when you place your order. (tsinetwork.ca)
A market order is an order to buy or sell a specific number of shares at the best price available when you place your order. (tsinetwork.ca)