银行理财产品中的一个英文术语,求高手翻译: the structure of the product is up and outup and out如何理解?多谢了 英语
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【答案】 期权：一种触碰失效期权(knockout option),在标的资产市价升至约定水平时即失效的期权.参见Option（期权）,Barrier Option(界限期权).
A knockout option that is cancelled when the price of the underlying instrument or modity rises above a pre-determined level.