Definitions for "Bermudan Option" Add To Word List
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A hybrid of an American and an European option, whose holder can exercise the option only at predetermined dates, for example on the same day of every month.
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An option that has attributes of both a European and American option. Typically, it can be exercised on a number of predetermined occasions specified by the option contract. It is a limited exercise or quasi-limited American option. Also known as "Atlantic Option".
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a call or put option which can be exercised on prespecified days during the life of the option
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an option where the buyer has the right to exercise at a set (always discretely spaced) number of times
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A derivative giving its holder the right to buy or to sell a certain amount of the underlying financial product at a number of specific dates before its expiry. Also known as quasi-American option or Atlantic-style option.
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