The price in certain spread bet markets, notably US ones, where the market cannot trade below that day. For example if US 10 year bond notes have a limit of 3 points and closed today at 110, they cannot trade below 107 the following day. More information on Limit Up - click here

Arbitrary price level below which trading on a Futures and Option Exchange ceases during that trading day. Imposed to prevent very sharp price declines in futures prices and are adjusted from time to time at the discretion of the Exchange. See Limits.

The maximum price decline from the previous trading day's settlement price permitted in one trading session.

The maximum amount by which the price of a commodity futures contract may decline in one trading day.