Definition of Pit:

  1. Drive a race car into the pits for fuel or maintenance.

  2. A part of the floor of an exchange in which a particular stock or commodity is traded, typically by open outcry.

  3. Pits, also called trading pits, have an octagon shape with several tiers to improve visibility. Brokers show their brokerage affiliations through their jacket colors and badges. Clerks take orders by phone or computer from customers, and runners transmit orders between the clerks and the brokers. Brokers and dealers may trade their shares and represent themselves, or they may work for firms and trade shares for clients or the proprietary accounts of their firms. Specialists work their own books on the floor of the pit, making a market in securities and keeping a ledger of orders awaiting execution.

  4. Make a hollow or indentation in the surface of.

  5. An orchestra pit.

  6. An area at the side of a track where race cars are serviced and refueled.

  7. An area on the trading floor where futures and options are traded in an open outcry auction.

  8. The pit is a specific area of the trading floor that is designated for the buying and selling of a particular type of security through the open outcry system. In the pit, brokers match customers' buy and sell orders through shouting and hand signaling. Orders are displayed via the open outcry system to all traders in the pit in order to allow the chance for anybody to participate and to let people compete for the best price. Brokers and dealers trade their clients' orders as well as may place proprietary trades for their firms. Orders that are not executed in the pit are executed through electronic trading.

  9. A hollow or indentation in a surface.

  10. An enclosure in which animals are made to fight.

  11. Set someone or something in conflict or competition with.

  12. A large hole in the ground.

Synonyms of Pit

Hole, Ditch, Trench, Trough, Hollow, Shaft, Mineshaft, Excavation, Cavity, Pothole, Rut, Pockmark, Pock, Mark, Hollow, Indentation, Depression, Dent, Dint, Concavity, Dimple, Make holes in, Make hollows in, Hole, Dent, Indent, Depress, Dint, Pothole, American Stock Exchange, Amex, L, R, Wall Street, Abysm, Abyss, Acorn, Acting area, Agora, Alveolation, Alveolus, Amphitheater, Antrum, Apron, Apron stage, Arena, Armpit, Athletic field, Audience, Auditorium, Auditory, Background, Backstage, Balcony, Band shell, Bandstand, Bank, Barrow, Basin, Bear garden, Beehive tomb, Berry, Bird seed, Birthmark, Blackhead, Bleb, Blemish, Blister, Board, Bone house, Bourse, Bowl, Box, Box grave, Box seat, Boxing ring, Bridge, Bull ring, Bulla, Burial, Burial chamber, Burial mound, Campus, Canvas, Catacombs, Cavity, Cenotaph, Charnel house, Chasm, Check, Cicatrix, Circus, Cist, Cist grave, Coal mine, Cockpit, Coliseum, Colliery, Colosseum, Comedo, Commodity exchange, Concave, Concavity, Congregation, Corn pit, Coulisse, Counter, Course, Crack, Crater, Craze, Crevasse, Cromlech, Crypt, Cup, Curb, Curb exchange, Curb market, Deep, Deep six, Defacement, Defect, Deformation, Deformity, Dent, Depress, Depression, Depth, Dig, Diggings, Dimple, Dint, Dip, Disfiguration, Disfigurement, Distortion, Dock, Dokhma, Dolmen, Dress circle, Dressing room, Engrave, Excavation, Exchange, Exchange floor, Fault, Fauteuil, Feel, Field, Finish, Flaw, Flaxseed, Flies, Floor, Fly floor, Fly gallery, Fold, Follicle, Forestage, Forum, Freckle, Fruit, Funnel chest, Furrow, Gallery, Gold mine, Gouge, Grain, Granular texture, Grave, Greenroom, Grid, Gridiron, Ground, Groundling, Gulf, Gym, Gymnasium, Hall, Hayseed, Hemangioma, Hickey, Hippodrome, Hole, Hollow, Hollow shell, Honeycomb, House, House of death, Impress, Impression, Imprint, Indent, Indentation, Indention, Indenture, Keloid, Kernel, Kink, Knub, Lacuna, Last home, Lentigo, Lightboard, Linseed, Lists, Locale, Loge, Long home, Low green tent, Low house, Marketplace, Mastaba, Mat, Match, Mausoleum, Milieu, Milium, Mine, Mole, Monstrance, Mummy chamber, Nap, Narrow house, Needle scar, Nevus, Nigger heaven, Notch, Nub, Nut, Open cut, Open forum, Opencast, Orchestra, Orchestra circle, Orchestra pit, Ossuarium, Ossuary, Outside market, Over-the-counter market, Palaestra, Parade ground, Paradise, Parquet, Parquet circle, Parterre, Passage grave, Peanut gallery, Performing area, Pile, Pimple, Pip, Place, Platform, Pock, Pocket, Pockmark, Port-wine mark, Port-wine stain, Precinct, Press in, Print, Prize ring, Proscenium, Proscenium boxes, Proscenium stage, Protuberance, Public square, Punch, Punch bowl, Punch in, Purlieu, Pustule, Pyramid, Quarry, Quotation board, Range, Recess, Reliquary, Resting place, Rift, Ring, Scab, Scar, Scene, Scene of action, Scenery, Scoop, Scratch, Sebaceous cyst, Seed, Sepulcher, Set back, Set in, Setting, Shaft, Shaft grave, Shag, Shell, Shrine, Sink, Sinus, Site, Socket, Spectator, Sphere, Split, Squared circle, Stadium, Stage, Stage left, Stage right, Stage set, Stage setting, Stall, Stamp, Standing room, Stock exchange, Stock market, Stock ticker, Stone, Strawberry mark, Structure, Stupa, Sty, Sunken part, Surface, Surface texture, Switchboard, Tamp, Telephone market, Terrain, Texture, The Big Board, The Exchange, The boards, Theater, Theatre stall, Third market, Ticker, Ticker tape, Tilting ground, Tiltyard, Tomb, Tope, Tower of silence, Track, Trough, Tumulus, Twist, Vault, Verruca, Vesicle, Vie, Vug, Wale, Walk, Warp, Wart, Weal, Weave, Well, Welt, Wen, Wheat pit, Whitehead, Wings, Woof, Workings, Wrestling ring, Yawning abyss, Set against, Match against, Put in opposition to, Put in competition with, Measure against

How to use Pit in a sentence?

  1. I covered the whole of the width of the stage in front of the curtains and also filled the pits.
  2. A chance to pit herself against him.
  3. A bear pit.
  4. He pitted on lap 36 with sudden engine trouble.
  5. He had a flat tire when he came into the pits.
  6. Rain poured down, pitting the bare earth.
  7. The outer surface has pits, grooves, and perforations that represent traces of vascular structures.
  8. Pooled commodity funds liquidated positions in the corn and soybean pits.
  9. I do not see any risk of these pits becoming breeding grounds for mosquitoes.

Meaning of Pit & Pit Definition