In the futures market, the maximum downward price movement allowed during one trading session for a specific future contract. Once a limit down is reached, trading halts unless a sell order comes into the market to change the market’s direction. Limit up is the opposite of limit down.
(finance) Condition in which the market price of a commodity has fallen by the maximum daily amount permitted by the exchange.
Orange Juice - May & July fell to 5.00-cent limit DOWN ahead of Cold Storage report on 1/21. "” Moore Research Center Inc 01/21/2004