Barrier Option
A type of option whose payoff depends on whether or not the underlying asset has reached or exceeded a predetermined price. Investopedia Says:
A barrier option is a type of exotic option. It can be either a knock-in or a knock-out. Related Terms:
Asset-Or-Nothing Call
Asset-Or-Nothing Put
Cash-Or-Nothing Call
Cash-Or-Nothing Put
Exotic Option
Knock-In Option
Knock-Out Option
One-Touch Option
Single Payment Options Trading - SPOT
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