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Banking

Special Expiration Price Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Extinguishable Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Outstrike

A type of barrier strike that represents the underlying price at which knock-out options expire or pay off in case...

Barrier Strike

The strike level at which a barrier product (e.g., a barrier option) either becomes effective (in which case, it is...

Uout Put

It stands for up-and-out put; an up-and-out option that is deactivated if the price of the underlying exceeds a preset...

Up-and-Out Put

An up-and-out option that is deactivated if the price of the underlying exceeds a preset level. The outstrike (barrier price)…

Vanishing Option

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Trigger Option

A provision which is typically attached to a CAPS option, whereby it terminates before expiration date and is settled at...

Barrier Price

The specified interest rate, or any underlying price, that activates (knocks in) or deactivates (knocks out) a barrier option. The...