In this rule, unless the context otherwise indicates, the term set out below shall have the following meanings-
(a) "going high" or "buying" means wagering that the result of a certain event will exceed the high point or offer price of the spread quote and "has gone high" or "bought" has a corresponding meaning;
(b) "going low" or "selling" means wagering that the result of a certain event will be below the low point or bid price of the spread quote and "has gone low" or "sold" has a corresponding meaning;
(c) "spread bet" means a bet laid by a bookmaker on the contingency that the outcome of a certain event will fall outside a spread margin;
(d) "spread margin" or "bid-offer price" means the margin, expressed in points, set by a bookmaker between a low high and a high low point of predicted outcomes of a certain event; and
(e) "stop loss/win" means the maximum amount of points on a spread market that can be won or lost.
(f) "make-up" is the final settlement price of a spread bet.
(g) "mid-point" is the average of the bid and offer price or the "go-high" and "go-low" price.