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

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

It stands for pay-as-you-go cap; an interest rate cap that requires its holder to pay only a small upfront premium...

An interest rate cap that requires its holder to pay only a small upfront premium compared to corresponding standard caps,...

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

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