Path Dependent Option
An exotic option that is valued according to pre-determined price requirements for its underlying asset or commodity.
Investopedia Commentary
The payoffs associated with these options are determined by the path of the underlying asset's price. Examples include Asian, Barrier and lookback options.
Related Links
Options Basics Tutorial
See also: Asian Option, Barrier Option, Exotic Option, Lookback Option, Underlying
Also spelled: path-dependent, path dependant