Terminus [ Outstrike ]

Kontext 1
Eine Knock-out-Option ist eine Standardoption, die sofort verfällt, wenn der Wechselkurs während der Laufzeit der Option ein bestimmtes Niveau („Outstrike”) erreicht.
http://www.financetrainer.com/web_formelservice/tcs0103.pdf (3.9.2003)

Definition 1
The price at which a down-and-out or up-and-out call or down-and-out or up- and-out put expires or pays off if the price of the underlying touches or trades through it under circumstances meeting the requirements of the contract. Generically, outstrike is used to refer to any price at which the terms of a nonstandard option change. Also called Drop Out Price.
http://risk.ifci.ch/00012303.htm (3.9.2003)