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English definition of “life-of-contract high”

life-of-contract high

noun [C]
 
 
FINANCE
the highest level reached during a particular futures contract (= a financial contract that must be bought or sold on an agreed future date at an agreed price): Cotton futures on the New York Cotton Exchange Friday made a new life-of-contract high.
(Definition of life-of-contract high from the Cambridge Business English Dictionary © Cambridge University Press)
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