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Listed Option

An option contract, call or put, that trades (i.e., is listed) on an organized or regulated securities or futures exchange....

Locked Limit Down

On the futures markets, it indicates that the highest current bid on a futures contract is below the maximum price...

Lock-Step Option

An exotic option which offers a guaranteed payout if the underlying breaks through a preset price/rate at a specific point...

Lock-Out Option

A binary option which pays off only if its underlying trades through the upper or lower barrier at least once...

Lock-In Option

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The option constitutes a...

Callable Warrant

A warrant that constitutes a long option (long call or long put) which is held by an investor and is...

Inverted Curve Enhancement Swap

An interest rate swap that places a minimum level (floor) under the floating rate in consideration for a larger fixed...

Zero-Coupon Inflation-Indexed Swaption

A payer zero-coupon inflation-indexed swaption is an option which gives the holder the right to enter into a payer zero-coupon...

Callable Range Accrual Swap

A range accrual swap which confers on one of the parties the right, without the obligation, to terminate the swap...

Callable Range Accrual Note

A range note (a type of structured note) that is embedded with a call option. The embedded option allows the...