floor
Definition 1
Lowermost preset limit of a range, or the maximum limit below which a quantity (such as an interest rate, inventory level, selling price) is not allowed to fall under a rule, or the terms of an agreement or contract. And passing which a penalty or remedial measure is triggered. Opposite of ceiling.
Definition 2
Trading area of an exchange.
Definition 3
Alternative term to story, used as a unit of building height. In UK, the floor above the street level floor (ground floor) is called the first floor (or second story). In US, the numbering of floors is the same as the numbering of stories.
floor is in the Accounting & Auditing, Banking, Commerce & Finance and Real Estate & Buildings subjects.
floor appears in the definitions of the following terms:
cost driver,
club floor,
long hedge,
flat organization,
orthographic projection,
workshop,
group oriented manufacture,
floor trader,
schematic plan,
deck cargo
and
floor appears in the other terms: trading floor, floor broker, concierge floor, ground floor, price floor
This content can be found on the following page:
http://www.businessdictionary.com/definition/floor.html
email to a friend
print this definition
cite this definition
link to this page