exotic
C1CEFR level
72/100Rarity: rare
TechnicalRegister
Describing a derivative with complex, non-standard features such as barriers or path dependence.
Pricing the exotic option required a Monte Carlo simulation rather than a closed-form formula.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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