It's actually "limit order." It is a direction to a stockbroker to buy or sell at a specific price, or better. If it is a buy limit order, the broker will buy for you if the stock is at the limit order price or lower, and if it is a sell limit order, the broker will sell for you if the stock is at the limit order price or higher. A buy limit order is similar to a long call, and a sell limit order is similar to a long put.

A floor price is a group-imposed price limit on how low a price can be charged for a product.

Limit Order is the verbal or electronic instruction for a broker to buy or sell a security (e.g., stocks or bonds) at a specified price or a better price. For buys, the better price is any price lower than the specified price and for sells the better price is any price higher than the specified price.

Optional.

Pre-Socialism.

Bottom limit, lower limit, price floor (stole that from the guy who answered it right!)

Price goes up.