Limit

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Limit

Limit

1. The maximum amount of price change a futures contract is allowed to undergo on a given trading day. Limits are mandated by the exchanges on which futures contracts trade, and exist in order to reduce volatility in the market. It is also called a trading limit.

2. The maximum number of transactions in commodities that an individual may make on an exchange on a given trading day. Limits are mandated either by the Commodity Futures Trading Commission or by the exchanges on which commodity contracts trade. It is also called a trading limit.

3. See: Limit order.
References in periodicals archive ?
1906) (affirming the common law doctrine that lands submerged beneath navigable waters belong to the state in which they are located, limitable only by local legislation or custom that preserves public trust values); Williams v.
The Hadacheck Court took an expansive view of the scope of the police powers, describing them as "one of the most essential powers of government--one that is the least limitable.