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Bermuda Option
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Like the location of Bermuda, this option is located somewhere between a European-style option which can be exercised only at maturity and an American-style option which can be exercised anytime the option holder chooses. The Bermuda option typically can be exercised on a number of predetermined occasions as stated in the option contract. Also called Atlantic Option, Limited Exercise Option, Modified American Option, Quasi-American Option, Semi-American Option. See also American Option, American Window, Deferred Payment American Option, European Option, Japanese Option.
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