Out of the money
\aʊt\ \ʌv\ \ðə\ \ˈmʌni\
A term used to describe the current state of a longevity swap. It is out of the money for a particular party if they would lose financially if it was settled at that point in time.
\aʊt\ \ʌv\ \ðə\ \ˈmʌni\
A term used to describe the current state of a longevity swap. It is out of the money for a particular party if they would lose financially if it was settled at that point in time.