open pit, open pits
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open pit — open pits N COUNT An open pit is a mine where the coal, metal, or minerals are near the surface and underground passages are not needed. [AM] Syn: strip mine (in BRIT, use opencast mine) … English dictionary
pit — noun 1 hole ADJECTIVE ▪ deep, shallow ▪ bottomless ▪ black, dark ▪ chalk (esp. BrE), gravel … Collocations dictionary
Pit — may refer to:Technology* Programmable Interval Timer, a computing device * Pulsed inductive thruster, a device used in spacecraft propulsion * The core of a nuclear weaponPlaces* Pit River, a watershed in California * Pittsburgh International… … Wikipedia
open outcry pit — UK US noun [C] STOCK MARKET, FINANCE ► the area of floor in a financial market where people shout out their bids and offers, rather than trading over the telephone or online: »The majority of trade is done through open outcry pits with dealers… … Financial and business terms
Pit stop — For the technique to cause a car to spin around (and stop) quickly, see PIT maneuver. For other uses, see Pitstop. Indianapolis Motor Speedway Formula 1 pit lane and garages (right) adjacent to the oval racing lane … Wikipedia
pit — pit1 /pit/, n., v., pitted, pitting. n. 1. a naturally formed or excavated hole or cavity in the ground: pits caused by erosion; clay pits. 2. a covered or concealed excavation in the ground, serving as a trap. 3. Mining. a. an excavation made in … Universalium
pit — The area on the trading floor where futures and options on futures contracts are bought and sold. Pits are usually raised octagonal platforms with steps descending on the inside that permit buyers and sellers of contracts to see each other.… … Financial and business terms
Open outcry trading — Der Präsenzhandel, Parketthandel oder Criée Handel (franz.: criée bedeutet Zuruf) ist eine Form der Kursbildung an Börsen. Gelegentlich werden auch die Bezeichnungen Ringhandel, Zurufhandel oder der englische Ausdruck open outcry trading… … Deutsch Wikipedia
pit — I [[t]pɪt[/t]] n. v. pit•ted, pit•ting 1) a hole or cavity in the ground 2) a covered or concealed excavation in the ground, serving as a trap 3) min a) an excavation made in exploring for or removing a mineral deposit, as by open cut methods b)… … From formal English to slang
open outcry — Method of public auction for making verbal bids and offers in the trading pits or rings of futures exchanges. Chicago Board of Trade glossary Oral bids and offers made in the trading rings, or pits. Open outcry is required for trading futures and … Financial and business terms
