Price Limit Sample Clauses
A Price Limit clause sets a maximum or minimum price threshold for goods, services, or transactions under a contract. This clause typically specifies that the agreed price cannot exceed or fall below a certain amount, regardless of market fluctuations or other factors. For example, in a supply agreement, it may cap the price per unit to protect the buyer from unexpected cost increases. The core function of this clause is to provide financial certainty and protect parties from significant price volatility, ensuring predictability in budgeting and cost management.
Price Limit. For SSE Securities, there is a general price limit of ±10% (and ±5% for stocks under special treatment (i.e. ST and *ST stocks) under risk alert) based on previous closing price. All orders input for SSE Securities must be at or within the price limit. Any order with a price beyond the price limit will be rejected by SSE. The upper and lower price limit will remain the same intra-day. The same price limit arrangement applies to SZSE Securities. Stocks traded on SZSE’s ChiNext Market are also subject to a ±10% price limit based on the previous closing price.