It is an order type where you enter the
unit you want to trade by specifying the desired quantity and price. In a Limit
Order, the trade is executed only at the price you enter, there is no
possibility of the trade being executed at a different price. Your order will
remain open until it is matched with an opposite order and will be executed
when it is matched. There is a possibility that trades made in limit order type
may not be executed.
What is Partial Order Execution?