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third-order

From Wiktionary, the free dictionary

English

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Adjective

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third-order (not comparable)

  1. (finance) Of or pertaining to third-order Greeks, used by portfolio managers and derivative traders to measure risk and the sensitivity of an option in regard to changes in implied volatility, time premium decay, and the price of its underlying security.

Usage notes

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  • Not to be confused with third order, a term used in Christianity.
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