The maximum number of transactions in commodities that an individual may make on an exchange on a given trading day. What does ELASTIC LIMIT mean? Elastic limit: We know, everybody is deformed or strained when a force is applied on it, but it returns to its original shape and size as soon as the force is withdrawn. Elastic limit - the point till which the wire retains its original length after the force is withdrawn.. Yield point - the point where there is a large permanent change in length with no extra load force.. elastic limits synonyms, elastic limits pronunciation, elastic limits translation, English dictionary definition of elastic limits. Elastic limit is defined as the maximum stress that a material can withstand before the permanent deformation. Objects in the real world can easily be pressed beyond their limit of elasticity. 2. Definition of ELASTIC LIMIT in the Definitions.net dictionary. The elastic limit of a material is the furthest point it can be stretched or deformed while being able to return to its previous shape. This is how these two terms are defined in my A Level book and also stated by my teacher. What is Elastic Limit? 1. Information and translations of ELASTIC LIMIT in the most comprehensive dictionary definitions resource on the web. When an elastic body collides with another elastic body, deformations in both bodies are momentary and kinetic energy is conserved. shape and size) on the removal of external force. Define elastic limits. Meaning of ELASTIC LIMIT. As the external load is further increased, the plastic zones spread in lateral and longitudinal directions, inward from the outer surface and along the beam axis. Elastic Limit Definition. Elastic Limit: It is defined as the value of stress upto and within which the material return back to their original position (i.e. It is the highest limit of the material before the plastic deformation of the material can occur. An example of elastic scattering can be seen in games of snooker or pool. Elastic limit, also referred to as yield point, is an upper limit for the stress that can be applied to a material before it permanently deforms.This limit is measured in pounds per square inch (psi) or Newtons per square meter, also known as pascals (Pa). n the greatest stress that can be applied to a material without causing permanent deformation But there is a limit of the applied force, above which the body does not return to its original shape and size. If the value of external force is such that it exceeds the elastic limit, than the body will not completely regain its original position. The maximum amount of price change a futures contract is allowed to undergo on a given trading day.Limits are mandated by the exchanges on which futures contracts trade, and exist in order to reduce volatility in the market.It is also called a trading limit. See more. When the elastic limit is exceeded, the material yields first in the superficial layers, (the skin), in the vicinity of the clamped end, where magnitude of the elastic stresses is maximum. elastic limit: the greatest stress to which a material may be subjected and still be capable of returning to its original dimensions when the forces are released. Topic: State of Matter. Once the stress or force is removed from the material, the material comes back to its original shape. Subject: Physics. Elastic limit definition, the greatest stress that can be applied to an elastic body without causing permanent deformation. 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