Definitions for "Barrier Options"
see also Knock-In Options, Knock-Out Options) An option contract for which the maturity, strike price and underlying are specified at inception in addition to a trigger price. The trigger price determines whether or not the option actually exists. In the case of a knock-in option, the barrier option does not exist until the trigger is touched. For a knock-out option, the option exists until the trigger is touched.
A type of exotic option whose value depends on the underlying passing (or not) a particular price point.... more on: Barrier options
Variations of the standard financial options. They are activated or cease to exist once the price of the underlying security has reached a specified level.