Knock-Out Option
An option with a built in mechanism to expire worthless should a specified price level be exceeded.

Investopedia Says:
An exotic option mainly used for commodities and currencies.

Related Terms:
Exchange Rate
Forex
Knock-in Option
Option
Vanilla Option

• Interim Dividend
• Intermarket Analysis
• Intermarket Sector Spread
• Intermarket Spread
• Intermarket Spread Swap
• Intermediate/Medium-Term Debt
• Internal Audit
• Internal Auditor
• Internal Controls
• Internal Growth Rate
• Internalization
• Internal Rate Of Return (IRR)
• Internal Rate Of Return (IRR)
• Internal Revenue Service (IRS)
• Internal Revenue Service (IRS)
• International Accounting Standards (IAS)
• International Accounting Standards (IAS)
• International Association of Financial Engineers (IAFE)
• International Association of Financial Engineers (IAFE)
• International Bank Account Number (IBAN)
• International Bank Account Number (IBAN)
• International Banking Facility (IBF)
• International Banking Facility (IBF)
• International Bond
• International Clearing System