Meaning of “life-of-contract high” in the English Dictionary

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"life-of-contract high" in Business English

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life-of-contract highnoun [ C ]


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)