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PAUG

It stands for pay-as-you-go swap; an inflation swap where the two counterparties exchange an inflation rate against a fixed rate...

PAUG Option

An abbreviation for pay-as-you-go option; a non-standard option in which the premium is paid monthly or quarterly over its life....

Pay-As-You-Go Option

A non-standard option in which the premium is paid monthly or quarterly over its life. Furthermore, this option gives the...