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OAS

It stands for option-adjusted spread; the credit spread that is added over the spot rates (the Treasury spot rate curve,...

Option-Adjusted Spread

The credit spread that is added over the spot rates (the Treasury spot rate curve, the LIBOR rate curve, etc)...

Worst-Of Option

An option (a special case of rainbow options) where the holder is long put on the worst performing stock (asset)...

At-The-Money Call

A call option whose strike price, at a given point in time before or at expiration, is equal to the...

At-The-Money Option

An option which has a strike price equal or approximately equal to the underlying asset's price. There is little or...

Dual Option

An option (not to be confused with exchange-traded options which has a different meaning) which gives the holder the right...

Contingency Option

An option whose payoff depends on the performance of two different assets (one primary, and the other secondary). The option...

Dual Contingency Option

A variation on a vanilla option in which the holder's payout depends, or is contingent, not only on the performance...

Dual Strike Floor

A modified version of the barrier floor. It is an interest rate floor that comes in the form of an...

Reverse Dual Strike Option

An option which is the reverse of a dual strike option. The reverse dual strike option has its payoff defined...