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pit
(redirected from digging a pit for)

   Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia 0.03 sec.
Pit
A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.

pit
A location on a commodities exchange trading floor where the futures of a particular commodity are traded. Also called ring.


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Once in Mzuzu, the first two weeks were assigned to block making and testing, using earth taken from a nearby site where the university was digging a pit for a new water tank.
 
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