In finance, we often refer to the lowest price of the day as the "daily low" for a specific contract. This term is commonly used in stock markets, where prices are constantly fluctuating throughout the day. The daily low is an important indicator for investors as it helps determine the overall trend of a stock's performance. It's important to keep track of the daily low as it can provide valuable insights into the market and potential buying or selling opportunities. So the next time you're looking at stock prices, don't forget to keep an eye on the daily low.