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or better (ob)

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Financial Dictionary

or better (OB)

Used as a designation on a limit order ticket to indicate that the limit, in the case of a buy order, is higher than the market price, and, in the case of a sell order, is lower than the market price.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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