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Asset-or-Nothing Put

An asset-or-nothing option constituting a put option whose payoff is set equal to the underlying asset's price if that price...

Asset-or-Nothing Call

In plain vanilla call options, the option writer has to pay the holder the difference between the market price and...

Absolute Delta

The dollar sensitivity of the price of a derivative to a dollar change in the price of the underlying. It...

Asian Cap

An interest rate cap (i.e., a contract on a maximum interest rate) whereby the seller pays the buyer, at periodic...

Asian Floor

An interest rate floor (i.e., a contract on a minimum interest rate) whereby the seller pays the buyer, at periodic...

Asset-Based Swap

An interest-rate swap in which a fixed rate is exchanged for a floating rate, where the fixed payment stream is...

ASCOT

An abbreviation for asset swapped convertible option transaction; this structure combines both an option and an asset swap. In other...

Asset-Backed Credit Default Swap

A credit default swap on a mortgage-backed security or an asset-backed security. That means the reference obligation in such a...

As-You-Like Warrant

An option (or warrant) with an embedded provision giving the purchaser the right to designate it as either a call...

American Digital

A one-touch option which pays a preset amount at the point when the underlying touches the barrier, rather than at...