BASKET OPTION
\bˈaskɪt ˈɒpʃən], \bˈaskɪt ˈɒpʃən], \b_ˈa_s_k_ɪ_t ˈɒ_p_ʃ_ə_n]\
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An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between the price of a BASKET of ASSETS and a predefined STRIKE PRICE. The basket can be comprised of assets from similar or different sectors/ markets. See also MULTIINDEX OPTION.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.