An option that pays the seller an enlarged or enhanced premium on the condition that the seller refunds the premium…

A barrier cap whereby protection ceases to exist or deactivates only if the floating interest rate crosses the barrier on…

The longer-date option in an option spread. That is, the part of an option spread (such as a calendar spread)…

A complex option trading strategy (originally a box) that involves selling a bull call spread and a corresponding bear put…

In principle, a cliquet option/ ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its...

In principle, a ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its minimum payoff...

In principle, a ratchet option is an option (or a warrant, index-linked note) that subjects its minimum payoff to an...

An interest rate swap in which both legs are based on floating rates. One leg is capped, that is, the…

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

With respect to life insurance (particularly universal life insurance), it is the level annual amount that would be required on...