A contract paying a fixed amount at expiry if specified barriers have not been touched. Its complement, with the same expiry payment convention, is a one-touch option. Paying upon first touch rather than at expiry changes the discounting and gives a different contract.

Ancestors (8)

  1. Barrier option
  2. Contingent claim
  3. Fundamental theorem of asset pricing
  4. Mathematical finance
  5. Mathematical optimization
  6. Area of mathematics
  7. Mathematics
  8. Home

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