/lɔŋ stɒp/ – Noun
Definition: một hạn chót cuối cùng hoặc một biện pháp bảo vệ cuối cùng trong hợp đồng hoặc thỏa thuận pháp lý.
A more thorough explanation: 1. a time limitation that prevents claims from being filed too long after the event which gave rise to the claim
2,a deadline date by which some event must take place
Example: 1. In civil actions in the courts, there is usually an overall “long-stop” requirement that the matter complained about should have happened within the last 15 years.
2. If the conversion does not occur on or before the long-stop date, the conversion will happen at the pre-agreed floor price.