FLOOR

floor. 1.Parliamentary law. The part of the hall where members of a deliberative body meet to

debate issues and conduct business; esp., a legislature’s central meeting area, as distinguished from

the galleries, corridors, or lobbies <the Senate floor> <nominations from the floor>. See

assignment of the floor under ASSIGNMENT(6); CLAIM THE FLOOR; HAVE THE FLOOR ;

OBTAIN THE FLOOR; ON THE FLOOR; privilege of the floor under PRIVILEGE(6). [Cases:

States 32. C.J.S. States §§ 48–50.] 2. The trading area where stocks and commodities are bought

and sold on an exchange <the broker placed his buy order with the trader on the floor of the

NYSE>.3. The lowest limit <the floor for that position is $25,000 per year>.[Blacks Law 8th]