DAILY PRICE LIMIT
daily price limit: translation
The level within many commodity, futures, and options markets are allowed to rise or fall in a day. exchanges usually impose a daily price limit on each contract. Bloomberg Financial Dictionary
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The maximum amount, fixed by an exchange, that prices are permitted to rise or fall in one day before trading on a contract is suspended. The daily limit is measured from the previous day's settlement price.
► See also Limit Up/Limit Down.