Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

KNOCK-OUT OPTION Definition & Legal Meaning

Definition & Citations:

Event-driven benefit payoff tied to something not occurring like a specific change in an asset’s price. Contrast to knock-in option.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.