Tag: LI

Concept of Licensed Warehouse in Futures TradingIn this context of financial law, the following is a definition of Licensed Warehouse: A warehouse approved by an exchange from which a commodity may be delivered on a futures contract. See Regular Warehouse.

Concept of Limit (Up or Down) in Futures TradingIn this context of financial law, the following is a definition of Limit (Up or Down): The maximum price advance or decline from the previous day’s settlement price permitted during one trading session, as fixed by the rules of an exchange. In […]

Concept of Liquidation in Futures TradingIn this context of financial law, the following is a definition of Liquidation: The closing out of a long position. The term is sometimes used to denote closing out a short position, but this is more often referred to as covering. See Cover, Offset.

Concept of Liquid Market in Futures TradingIn this context of financial law, the following is a definition of Liquid Market: A market in which selling and buying can be accomplished with minimal effect on price.

Concept of Limit Order in Futures TradingIn this context of financial law, the following is a definition of Limit Order: An order in which the customer specifies a minimum sale price or maximum purchase price, as contrasted with a market order, which implies that the order should be filled as […]

Concept of Limit Only in Futures TradingIn this context of financial law, the following is a definition of Limit Only: The definite price stated by a customer to a broker restricting the execution of an order to buy for not more than, or to sell for not less than, the stated price.

ResourcesSee AlsoLocked Limit Futures Trading Consumer Protection Consumer Finance

Concept of Life of Contract in Futures TradingIn this context of financial law, the following is a definition of Life of Contract: Period between the beginning of trading in a particular futures contract and the expiration of trading. In some cases, this phrase denotes the period already passed […]