Bermudan

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English

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Pronunciation

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Etymology 1

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From Bermuda +‎ -an.

Alternative forms

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Noun

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Bermudan (plural Bermudans)

  1. A person from Bermuda or of Bermudian descent.

Adjective

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Bermudan (not comparable)

  1. Of, from, or pertaining to Bermuda, or the Bermudian peoples.
Usage notes
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  • The term Bermudian is preferred by the inhabitants of Bermuda.

Etymology 2

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Based on the geography of Bermuda, being somewhat European and somewhat American, but closer to American.

Adjective

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Bermudan (not comparable)

  1. (finance, of an option) That can be exercised on specific dates between the issue date and the expiry date.
    • 2005, Justin London, Modeling Derivatives in C++, John Wiley & Sons, page 710:
      This chapter focuses on the pricing of various exotic interest rate derivatives including Bermudan swaptions, constant maturity swaps, trigger swaps, index amortizing swaps, and quantos.
    • 2006, Business Knowledge for IT in Investment Banking: A complete handbook for IT Professionals (UK Edition), Essvale Corporation Limited, page 13:
      A Bermudan callable has several call dates, usually coinciding with coupon dates.
    • 2009, Shih-Feng Huang, Meihui Guo, Applied Quantitative Finance (Second Edition), Springer, page 295:
      Multi-dimensional option pricing becomes an important topic in financial markets (Franker et al., 2008). Among which, the American-type derivative (e.g. the Bermudan option) pricing is a challenging problem.
Coordinate terms
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Derived terms
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Anagrams

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