See: Limit Order.
Like if you end up in one of those back braces with the screws that go directly into your head. Real limit move situation.
A similar concept comes up in financial markets, especially the commodities exchanges. In order to prevent the prices of commodities from moving too far too fast, many products have daily limits. These "limit moves" define how far the price can advance or decline during a single day's trading.
Say corn prices closed yesterday at $3.50 and the commodity has a limit move of $0.15. In today's trading, corn could rise as high as $3.65 or fall as low as $3.35. If it hits $3.65, corn is said to go "limit up." If it were to fall to $3.35, traders would say it went "limit down."
See: Limit Up. See: Limit Down.
Related or Semi-related Video
Finance: What are Limit Order, Sell Limi...4 Views
Finance a la shmoop what is a limit order? you want to sell a thousand shares
of Colonel electric it was demoted after they cut their dividend the shares have [Scissors cuts dividend in half]
been trading wildly between $15 and $25 a share you don't want to feel like a
moron for having sold them at fifteen bucks when six weeks later they kissed
25 with tongue so what do you do well you put in a limit order that is you put
a limit of a minimum price of 25 bucks a share for Colonel Electric such that [Pile of stocks appear]
those shares will simply sit in your account unsold maybe forever until
somebody out in the wild blue yonder of Stockland is willing to pay twenty five [Woman standing at a colonel electric stand]
dollars or more for the shares where you have a minimum price limit of 25 bucks a
share in your order so here's to hoping they sell and don't get further demoted [Man carries stock into car]
Sargent Electric is just a place you don't want to go
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