Glossary – Finance
There are 3 names in this directory beginning with the letter U.
Underlying Variable
A variable that the price of an option or other derivative depends on.
Up-and-In Option
An option that comes into existence when the price of the underlying asset increases to a prespecified level.
Up-and-Out Option
An option that ceases to exist when the price of the underlying asset increases to a prespecified level.