BNET Business Dictionary

Business Definition for: Pit

  • the area of an exchange where trading takes place. It was traditionally an octagonal stepped area with terracing so as to give everyone a good view of the proceedings during open outcry.

Wiktionary Definition for: Pit

  • A hole in the ground.
  • A seed inside a fruit; a stone or pip (Eng.) inside a fruit.
  • A shell in a drupe containing a seed.
  • Area at the auto racetrack used for refueling and repairing the cars during a race
  • music A section of the marching band containing mallet percussion instruments and other large percussion instruments too large to march, such as the gong. Also, the area on the sidelines where these instruments are placed.
  • A mine
  • To oppose, as in "to pit one's wits against someone".
  • To make pits.
  • Ex:''Exposure to acid rain '''pitted''' the metal.''
  • breast
  • A seed inside a fruit.
  • Spirit
  • vulva
  • #The female pudenda. The vulva.
  • #(''Vulgar'') cunt, pussy

Additional Resources

Imperial Reports Pit Wall Failure at Huckleberry Mine.
VANCOUVER, BRITISH COLUMBIA, Jun 25, 2007 CCNMatthews via COMTEX -- Imperial Metals Corporation (TSX:III) reports a pit slope failure occurred at the East Zone pit at the Huckleberry mine on June 22. No injuries were sustained as employees and equipment were moved to other workplaces when...
Tags: Imperial Metals Corp.
Research articles 2007-06-25
Pit bulls grounded.
Byline: Tanya Giles Oct 04, 2005 (Herald Sun - ABIX via COMTEX) -- Qantas and subsidiary Jetstar have joined the backlash against pit bull terriers in Australia. The two...
Tags: bull, MARKETING, Qantas Airways Ltd.
Research articles 2005-10-04
Kyle's team wins Darlington pit crew challenge.
Kyle Busch's #5 Hendrick Motorsports pit crew won their second Checkers/Rally's Double Drive-Through Challenge of the season last weekend by spending the least amount of time on pit road in Saturday's Dodge Charger 500 at Darlington Raceway. Busch's crew, which spent 350.021 seconds on pit road during the 367-lap,...
Tags: Hendrick Motorsports
Research articles 2006-05-18
Freestones aren't free of fragments: optical sorter ensures Wawona Frozen Foods keeps pit fragments out of peaches destined for baby food, yogurt.
Color on the same color is difficult enough for the naked eye to differentiate. It can be even more difficult for an automated vision system. Wawona Frozen Foods, a Clovis, Calif., manufacturer of individually quick frozen fruits, faced that kind of a problem when...
Tags: Wawona Frozen Foods Inc.
Research articles 2004-05-01
Square D Racing Sweepstakes Winner, Guest Will Join NASCAR Pit Crew; Drawing Provides Trip to Miami, Pit Access for Craftsman Truck Series Race
PALATINE, Ill. -- Schneider Electric is partnering with Southern Living magazine to present the Square DR Racing Team Honorary Pit Crew Member Sweepstakes, which will send the winner and a guest to the Nov. 19 NASCAR Craftsman Truck Series race in Homestead, Fla., where they will be a honorary pit...
Tags: Microsoft Access, NASCAR
Research articles 2004-08-23
Deflation: The Fed's Ugly Pit Bull
Mark Caffee submits: If you are unfamiliar with deflation, you are not alone. In fact, the past 80 years has been the antithesis of deflation.....inflation. Inflation is as American as apple pie. A right of passage from one party to another, or one Federal Reserve Chairman to...
Tags: Federal Reserve Board, Deflation, Bull, Inflation, Seeking Alpha, Pit Bull, Currency & Foreign Exchange, Finance, Mark Caffee, Financial
External links 2008-11-04
Don Sliter: pit bull with discipline.(Trader Profile)
Don Sliter is one of the most successful traders in the Chicago Mercantile Exchange. Sliter started his career in commodities in 1978 as a runner, saving enough money from his job to start trading in the Chicago Board of Trade soybean pit. Initially unsuccessful because of his excessive enthusiasm, Sliter...
Tags: Chicago Board of Trade, Chicago Mercantile Exchange Inc., trader
Research articles 1996-08-01
Kimberley Diamond - Pit 5 Sampling - 2nd Pass Complete
VANCOUVER, British Columbia--BUSINESS WIRE--Sept. 17, 1996--KIMBERLEY DIAMOND CO.(AUSTRALIAN STOCK EXCHANGE: KDC KDC.O VSE: KDC KDC.WT ) has completed rechecking of Sortex concentrates from the Pit 5 sample in the Blina area.Two additional diamonds weighing a total of 0.95 carats were recovered during the recheck. Fourteen diamonds have now been...
Tags: Business Wire, diamond, Fax
Research articles 1996-09-17
Rudd's crew claims Atlanta pit win.
Ricky Rudd's pit crew won the McDonald's Drive-Thru Pit Championship fuelled by PowerAde in Sunday's Bass Pro Shops MBNA 500 at the Atlanta Motor Speedway. Sunday's win was the first victory for #21 Wood Brothers crew in the weekly competition that pays $20,000 to the winner. Heading into...
Tags: Bass Pro Shops Inc., McDonald's Corp.
Research articles 2004-11-04
Barrick Gold Corporation: Slope Movement At Betze-Post Pit Has No Impact On Barrick Production Or Reserves.
TORONTO, ONTARIO, AUGUST 29, 2001 Barrick Gold Corporation today advised that a slope movement occurred earlier today on the south wall of the Betze-Post pit in Nevada. There was no impact on Barrick's workforce, mining operations, production or reserves. Barrick along...
Tags: Barrick Gold Corp.
Research articles 2001-08-29
Terra Nova Futures and Chicago Mercantile Exchange introduce new comprehensive access to all CME GLOBEX and pit-traded futures products; Inclusion of all CME's electronically and pit-traded futures contracts on Townsend Analytics, Ltd.'s RealTicktrading p
M2 PRESSWIRE-8 January 2004-Chicago Mercantile Exchange: Terra Nova Futures and Chicago Mercantile Exchange introduce new comprehensive access to all CME GLOBEX and pit-traded futures products; Inclusion of all CME's electronically and pit-traded futures contracts on Townsend Analytics, Ltd.'s RealTicktrading platform provides unique product access for...
Tags: Townsend Analytics Ltd.
Research articles 2004-01-08
Gordon's crew win pit stop competition.
Jeff Gordon may have come up short in his bid for a fifth Cup Series title this year but his #24 Hendrick Motorsports pit crew can still call themselves champions after they won the season-long Checkers Drive-Through Pitstop Challenge. At every points scoring race on the Nextel Cup schedule...
Tags: Hendrick Motorsports
Research articles 2007-11-24
Las Animas County, Colo., Leaders to Hear Plea for Gravel-Pit Permit.
By Mike Garrett, The Pueblo Chieftain, Colo. Knight Ridder/Tribune Business News Feb. 18--TRINIDAD, Colo.--The issue of whether to locate a second gravel pit along Cordova Pass Road in the Gulnare area west of Aguilar continues to kick up a dust storm of...
Tags: Animas Corp.
Research articles 2003-02-18
Party In The Pit.
Staff How much fun can you have in a day? "A world of fun," says Christian Holmes, a five-year-old who recently celebrated his birthday at the ARS Inc. gravel pit south of Littleton, Colo. ARS owners Kim Haarberg and Jim Anttonen...
Research articles 2005-11-28
Sony to Sponsor Nascar's Gordon, Take Tech Pit to Tracks - Brief Article
PARK RIDGE, NJ.--Sony, hyping home entertainment products, inked a $2 million, one-year sponsorship of Nascar driver Robbie Gordon and will operate a Sony Tech Pit at 17 Winston Cup races. The Tech Pit gives fans an opportunity to try Sony TV, DVD and audio products. Gordon's Ford Taurus No.13...
Tags: NASCAR, Sony Corp.
Research articles 2000-07-03
Open season on open outcry? What pit probe means to traders. (FBI investigation of futures trading) (includes related articles) (column)
Open season on open outcry? What pit probe means to traders Open season on open outcry? What pit probe means to traders
Tags: FBI, trader
Research articles 1989-03-01
How FBI's sting has changed pit life. (Federal Bureau of Investigation's sting operation at Chicago's futures exchanges) (includes related articles) (Trade Trends)
Like the victim of any mugging, the futures industry has wised up, sharpened its street smarts and, perhaps, become a bit paranoid since the high-profile announcement in January 1989 of a federal undercover investigation of pit trading practices at C Like the victim of any mugging,...
Tags: FBI
Research articles 1991-06-01
Open video systems open to debate: comments on FCC plans for service pit cable against telcos.(Federal Communications Commission plans rules for open video systems)
Comments on FCC plans for service pit cable against telcos Cable and telephone companies are dueling over the FCC's proposal for open video system OVS rules. Cable companies are looking for a series of regulatory safeguards, while telephone ...
Tags: cable, commission, FCC, phone, video
Research articles 1996-04-08
This Winter, Don't Get Your Car Stuck Before It Gets Started; Some Winter Weather Tips from NASCAR's ''Performance Pit Crew Chief''
FAIRFAX, Va. -- "NASCARR drivers have it easy when it comes to driving conditions," says Mark Salem, NASCAR's "Performance Pit Crew Chief." "They only race in warm weather. But regular folks like you and me don't have that luxury. We often have to get our vehicles started in very cold...
Tags: NASCAR, performance
Research articles 2005-12-07
NEXTEL Pit Crew Challenge Champions: Photo of No. 1 Bass Pro Shops Chevrolet Pit Crew Available On Business Wire's Web Site and AP PhotoExpress
Photo of NEXTEL Pit Crew Challenge Champions Available on Business Wire's web site and AP PhotoExpress.
Tags: Associated Press, Business Wire, Nextel Communications Inc., photograph, Web, Web site
Research articles 2006-05-22
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