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As they once said of New Zealand cricketer Bob Cunis, neither one thing nor the other. Neither in [[in the money|the money]] or [[Out-of-the-money|out of it]]. All square.
{{a|glossary|}}As they once said of New Zealand cricketer Bob Cunis, neither one thing nor the other. Neither in [[in the money|the money]] or [[Out-of-the-money|out of it]]. All square.


an arm’s-length transaction will start out life [[at-the-money]] and, when the last payments have been made, will finish there too, but will usually spend the rest of its time swinging wildly [[in-the-money]] — at which point one is a [[creditor]] — and [[out-of-the-money]] — at which point one is a [[debtor]].
An arm’s-length [[swap transaction]] will start out life [[at-the-money]] and, when the last payments have been made, will finish there too, but will usually spend the rest of its time swinging wildly [[in-the-money]] — at which point one is a [[creditor]] — and [[out-of-the-money]] — at which point one is a [[debtor]].


{{moneyness}}
{{moneyness}}

Revision as of 15:17, 13 June 2019

The Jolly Contrarian’s Glossary
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As they once said of New Zealand cricketer Bob Cunis, neither one thing nor the other. Neither in the money or out of it. All square.

An arm’s-length swap transaction will start out life at-the-money and, when the last payments have been made, will finish there too, but will usually spend the rest of its time swinging wildly in-the-money — at which point one is a creditor — and out-of-the-money — at which point one is a debtor.

See also

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