fugit

EnglishEdit

EtymologyEdit

First introduced by Mark Garman in an article Semper tempus fugit published in 1989 by Risk Publications, this name was designed to represent a quantity used in binomial trees to estimate american options. the latin term "tempus fugit" means "time flies" and Mark Garman suggested to use that word because "time flies especially when you're having fun managing your book of American options"

NounEdit

fugit (plural fugits)

  1. (finance) The optimal date to exercise an American option (or a Bermudan option).

CatalanEdit

VerbEdit

fugit

  1. Past participle of fugir.

LatinEdit

VerbEdit

fugit

  1. third-person singular present active indicative of fugiō

fūgit

  1. third-person singular perfect active indicative of fugiō

RomanianEdit

VerbEdit

fugit (past participle of fugi)

  1. past participle of fugit
Last modified on 17 February 2014, at 01:12