| 单词 | piracy |
| 释义 | piracy piracy1. An illegal act of violence, detention, robbery, or revenge committed on a ship or aircraft. It excludes acts committed for political purposes and during a war. In marine insurance it extends to include any form of plundering at sea. pit(trading pit) An area of a stock market, financial futures and options exchange, or commodity exchange in which a particular stock, financial future, or commodity is traded, especially one in which dealings take place by open outcry. Authorized dealers in these markets are called pit traders. In recent years the practice of pit trading has been largely replaced by that of screen trading. See alsocallover; floor. |
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