Definition and Citations:
An option where the buyer is paid the difference between the strike price and the lowest price. Refer to option on the maximum/minimum, lookback option, and call on the maximum.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An option where the buyer is paid the difference between the strike price and the lowest price. Refer to option on the maximum/minimum, lookback option, and call on the maximum.