Specification of Futures contract

1 Price Quote _____ A multiplication factor used to convert a reported price-per-unit of a commodity to the contract price.

2 Price Limit _____ The contract in which the price moves up from the previous day's close by an amount equal to the daily price limit

3 Position Limit _____ The maximum position a trader is allowed to hold

4 Notice of Intention to deliver _____ An established amount in which a price may increase or decrease in any single trading day from the previous day's settlement price

5 Limit Down _____ A notice which indicates selections it has made with respect to the grade of asset that will be delivered and the delivery location

6 Limit Up _____ The maximum price move permitted by the exchange in a trading session

7 Limit Move _____ The contract in which the price moves down from the previous day's close by an amount equal to the daily price limit

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