A time-dependent option contract that consists of a series of consecutively-activated, at-the-money forward start options, each of which is struck...

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The “ratchet” label refers...

A cliquet option which gives the holder the right to receive a headline coupon adjusted for negative returns (instead of...

An option that is composed of a sequence of forward-starting options. The option’s strike price for the next maturity date...

Nonessential features or enhancements which are designed to add more financial appeal to a particular instrument or transaction. For example,...