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I'm just trying to determine the appropriate naming convention for a category that holds cap or spread, or in other words, what category can I put cap and spread (in this context) into? Are they "Features" of a monthly sum option, or "Limits" ... I really don't know.

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up vote 2 down vote accepted

When speaking with quants, I call such things Boundary Conditions. With traders I tend to use Terms or Features.

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I like "Features" –  sooprise Oct 6 '11 at 21:02
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