Locally bounded process (source code)

= Locally bounded process

A process is locally bounded if there are stopping times $\tau_n\uparrow\infty$ and finite deterministic constants $K_n$ bounding it on the stopped intervals. A locally bounded predictable process is integrable against a semimartingale. Continuous adapted processes are locally bounded by stopping their magnitudes and time.

// Target: probability-and-statistics.bigb