lapsation

English

Etymology

lapse +‎ -ation

Noun

lapsation (plural lapsations)

  1. A lapse (act or result of lapsing)
    • 2015, Ludovic Goudenege, Andrea Molent, Antonino Zanette, “Pricing and Hedging GLWB in the Heston and in the Black-Scholes with Stochastic Interest Rate Models”, in arXiv‎:
      Both constant withdrawal and optimal withdrawal (including lapsation) strategies are considered.

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