Lock limit is a specific price movement set by trading exchanges that if breached can result in a trading halt of the instrument beyond the lock limit price.

 

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Previous close is asset’s previous closing price. It almost always refers to the final price of a security a day before the current one.

 

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Response lag is the time it takes for corrective fiscal and monetary policies to result in changes since the time of their implementation.

 

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Low-ball offer is a slang term nominating an offer which is much below the seller’s asking price.

 

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