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floor
(redirected from floor quality)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Floor
The area of a stock exchange where active trading occurs. Also the price at which a stop order is activated (when the price drops low enough to activate such an order). In context of interest rates, a level which an interest rate or currency is structured not to go below.

floor
The area of an organized exchange where securities are traded. Customer orders are transferred to the floor, where they are executed by members of the exchange.

floor

Other than the obvious, refers to the bottom of something. Variable-rate mortgages may provide a minimum interest rate,called a floor,even if the rate would otherwise be less if the index dropped. Percentage leases with rent partially based on gross revenues might have a minimal amount,or floor payment.



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The second mark of laminate floor quality is the means by which the core is bound to the pattern and protective layers.
[TABULAR DATA OMITTED] Experience gained from these automotive and nonautomotive installations has demonstrated that the instrument offers advantages beyond serving as a shop floor quality monitoring device that closes fault relays if kilowatt-watt seconds or heat time fall outside of allowable limits.
On the shop floor quality is monitored by making each operator responsible for the detection of nonconforming items.
 
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