Example: if you enter a buy LOO order for 100 shares of XYZ at a limit price of $62.50 per share at. 10 a.m. ET on a trading day, the order will be executed if the shares are trading at or below $62.50 per share at market open the following trading day.
Everybody has an opinion on the pronunciation of GIF. Is it gif or jif?. When the GIF's creator, Steve Wilhite, won a lifetime achievement award at the Webby Awards on Tuesday night, he finally put the issue to rest by accepting his award with a GIF that said IT'S PRONOUNCED 'JIF' NOT 'GIF.'. Well, he tried to put the issue to rest, but his announcement actually just sparked more debate.
(Graphics Interchange Format) A popular bitmapped graphics file format developed by CompuServe. Pronounced giff with a hard g or jiff (take your pick), GIF images are widely used on the Web because the format uses its own form of compression. GIF supports 8-bit color (256 colors), but gets the most mileage out of its limited colors by using a built-in color palette.