Floor Limit

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Dictionary Says

Definition of 'Floor Limit'

A purchase amount over which further authorization is needed by the merchant. The floor limit is a predetermined limit set by the merchant and the creditor.    
Investopedia Says

Investopedia explains 'Floor Limit'

The term originates from when most credit card transactions were done manually rather than electronically. It was a way to ensure that the credit was available to the consumer before the transaction was completed.

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'Floor Limit'

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    http://www.investopedia.com/articles/01/022801.asp
    ... is going through human hands, it can take some time for the floor broker to ... These
    systems are used particularly for limit orders because the ECN can match by ...

  • Series 7 Study Guide - Securities Transactions - Types of ...

    http://www.investopedia.com/exam-guide/series-7/securities-transactions/types-orders.asp
    ... Not-held (NH) orders are market or limit orders in which the customer gives the
    trader or floor broker time and price discretion; this qualifier, often invoked ...

  • The Basics Of The Bid-Ask Spread

    http://www.investopedia.com/articles/trading/121701.asp
    ... However, there is not a physical floor. ... Limit Order - An individual places a limit
    order to sell or buy a certain amount of stock at a given price or better. ...

  • How Brokers Can Avoid A Market-Maker's Tricks

    http://www.investopedia.com/articles/financialcareers/06/mmakertricks.asp
    ... Trick #1: Giving Phony Sizes When a trade is called into the floor of the ... a running
    electronic tally of bids and offers that will help limit occurrences such ...

  • Series 6 Study Guide - Securities Markets - Transacting Securities ...

    http://www.investopedia.com/exam-guide/finra-series-6/securities-markets/transacting-securities.asp
    ... or sell a stock at whatever price is available when the order reaches the floor
    of the ... Limit Orders: A limit order is executed at a specified price or better. ...

  • Managing Interest Rate Risk

    http://www.investopedia.com/articles/optioninvestor/08/manage-interest-rate-risk.asp
    ... This option will "cap", or place an upper limit, on the interest expense of the ... a
    put option is considered the mirror image of a call option, the floor is the ...

  • How Does The Economy Affect House Size?

    http://www.investopedia.com/articles/mortgages-real-estate/09/castles-grow-and-shrink.asp
    ... While grand looking, large widows, high ceilings, two-floor great rooms ... Furthermore,
    restrictive community associations often limit the ability to add personal ...

  • What's the difference between a Nasdaq market maker and a NYSE ...

    http://www.investopedia.com/ask/answers/128.asp
    ... all marketable trades are executed and that order is maintained on the floor. ... 2.
    Agent The specialist can also accept limit orders relayed by investors through ...

  • Using Pivot Points In Forex Trading

    http://www.investopedia.com/articles/forex/07/pivotpointstrategy.asp
    ... Pivot Points 101 Originally employed by floor traders on equity and futures exchanges ...
    points to place stops and limits and, most importantly, limit risk while ...

  • CFA Level 1 Study Guide - Derivatives - The Futures Trade Process ...

    http://www.investopedia.com/exam-guide/cfa-level-1/derivatives/futures-trade-process.asp
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