Knock out option definitions

Knock-out option

An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosk.htm

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Knock-Out Option

An option that- is worthless at expiration if the underlying commodity or currency price reaches a s
Found on http://www.encyclo.co.uk/local/22402

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Knock-out option

An option that becomes worthless when the price of the option's underlying instrument or market reaches a previously agreed upon point.
Found on http://www.encyclo.co.uk/visitor-contributions.php

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