LTP
Trading & ordersLast traded price — the price at which the most recent transaction occurred.
In plain terms
One trade, possibly for a single share. Not "the price", and in an illiquid stock it can be minutes stale.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Last traded price
Trading & ordersAlso called: LTP
The price of the most recent completed transaction in a security, which is a record of one trade rather than a valuation.
In plain terms
Serviceable on a liquid stock because another trade is a second away. On a suspended one it decays silently while being displayed in the same font as every live price.