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Limited exercise option

An option half way between an American option and a European option that the holder can exercise on one or more specified dates before its maturity.

Other terms such as limited exercise option, modified American option, quasi-American option and semi-American option are sometimes used to designate a Bermuda option.

Synonyms and variations

  • Atlantic option
  • Bermuda option
  • Bermudan option
  • Mid-Atlantic option
  • Modified American option
  • Quasi-American option
  • Semi-American option

See also