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Deferred payout option
       
 
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Deferred payout option

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Deferred payout option
A deferred payout Option is a variation on American-style options similar to a Shout option. The Holder of the Option may Exercise it at any time, for the value taken by the Underlying at that time, but the payout is delayed until the Expiry Date. This term is also applied to certain digital options whose payout is not paid when triggered, but deferred until the final maturity.

See also Option styles
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