| 单词 | limit |
| 释义 | limit limit1. The maximum fluctuations (up or down) allowed in certain markets over a stated period (usually one day’s trading; seeintraday limit). In some volatile circumstances the market moves the limit up (or down). The movement of prices on the Tokyo Stock Exchange is limited in this way as it is on certain US commodity markets. In some markets, if the limit is reached trading is stopped for the day or for a cooling-off period. limitation of actions Statutory rules limiting the time within which civil actions can be brought. Actions in simple contract and tort must be brought within six years of the cause of action. There are several special rules, including that for strict liability actions for defective products, in which case the period is three years from the accrual of the cause of action or (if later) the date on which the plaintiff knew, or should have known, the material facts, but not later than ten years from the date on which the product was first put into circulation. The present UK law is contained in the Limitations Act 1980, the Latent Damage Act 1986, and the Consumer Protection Act 1987. |
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