An option whose terminal value depends wholly or partially on the price sequence (path) of the underlying over a specified...

An option whose payoff depends solely on the events specified to take place upon expiration, rather than the path taken...

A forward contract that calls for payment today and delivery of the underlying asset or commodity at a future date....

An interest rate swap in which one party is under obligation to make periodic payments to another party based on...

The price the buyer pays to the seller today for a prepaid forward contract. It equals the underlying price minus...

It stands for put reverse knock-out; a reverse knock-out option (RKO option) in which the barrier is at a level...

A total return swap in which dividends are not passed through to the buyer. More specifically, one party-the equity swap...

It stands for price value of a basis point; a method of measuring the price sensitivity of a fixed-income security...

A method of measuring the price sensitivity of a fixed-income security in monetary terms. This reflects absolute change in the...

The risk that arises because the price of an asset underlying a derivative is not known over the course of...