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TeachMeFinance.com - explain Pit Pit The term 'Pit' as it applies to the area of reclamation can be defined as ' Any mine, quarry, or excavation area worked by the open-cut method to obtain material of value'. Previous 5 Terms: pisciform piscine pisiform pisolith pisteology Next 5 Terms: Pit run gravel pitch pitch Pitcheblende Pitching About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.