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Asian Option
A type of option where the payoff depends on the average price of the underlying asset over a certain period.
Underlying Asset
The underlying security that determines the value of a derivative, including equities, fixed income, raw materials, or foreign exchange.
Payoff
The return or outcome received from an investment or action.
Convertible Bond
A type of bond that can be converted into a predetermined number of the issuing company's shares at certain times during its life, usually at the discretion of the bondholder.
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