At-the-money

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.

The Jolly Contrarian’s Dictionary The snippy guide to financial services lingo.™ Go Premium Bob Cunis: on the money, as it were. Index — Click ᐅ to expand: Dictionary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

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

• Moneyness
• In-the-money
• Out-of-the-money
• At-the-money
• Options