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Banking

Specialty Option

An option which gives its holder the right to exercise on the best or worst return earned on two or…

Best-Of Call

A best-of option whose payoff at maturity is equal to whichever is higher of two values: zero or the maximum...

Either-Or Option

An option which gives its holder the right, without the obligation, to exercise on the best or worst return earned...

Best-Of Option

An option on the best performing asset in a basket of assets during a designated period of time. The holder...