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Best-of option
An option that provides the holder with a payoff based on the best performing underlying included in a predefined basket of underlyings used as a reference.
In the expression best-of-X-assets option, the X represents the number of underlyings in the basket.
Translations
Synonyms and variations
- Best-of-two option
- Best-of-X-assets option
- Better-of-two assets option