From The Jolly Contrarian
Jump to navigation Jump to search
The Jolly Contrarian’s Dictionary

The snippy guide to financial services lingo.™

Bob Cunis: on the money, as it were.

Index — Click ᐅ to expand:

Get in touch
Comments? Questions? Suggestions? Requests? Sign up for our newsletter? Questions? We’d love to hear from you.
BREAKING: Get the new weekly newsletter here Old editions here

At-the-money (adv.)
Of a financial instrument, in the cunisian state: neither one thing nor the other; neither in nor out of the money. 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