In general:support level for market prices of any type. When prices fall below that level and appear to be continuing downward without check, we say that the bottom dropped out. When prices begin to trend upward again, we say they have bottomed out.
Economics:lowest point in an economic cycle, generally called a trough.
Securities:lowest market price of a security or commodity during a day, a season, a year, a cycle; also, lowest level of prices for the market as a whole, as measured by any of the several indexes.
In general: support level for market prices of any type. When prices fall below that level and appear to be continuing downward without check, we say that the bottom dropped out. When prices begin to trend upward again, we say they have bottomed out.
Economics: lowest point in an economic cycle.
Securities: lowest market price of a security or commodity during a day, a season, a year, a cycle. Also, lowest level of prices for the market as a whole, as measured by any of the several indexes.
