An OVERTHECOUNTER OPTION that generates a payoff based on the difference between a CREDIT SPREAD (or price) and a predefined STRIKE PRICE. In standard form credit options generate a continuum of payoffs based on credit appreciation or depreciation; a credit option structured in binary form (as a DEFAULT OPTION) generates a payoff based solely on default by the reference credit. See also CREDIT DERIVATIVE.

• NON-MAIL ABLE
• NONMEDICAL
• NON MERCHANDIZANDA VICTU- ALIA
• NON MOLESTANDO
• NON-MONETARY PRICE
• NONNA
• NONNAVIGABLE WATERS
• NON-NEGOTIABLE
• NON-NEGOTIABLE
• NONNEGOTIABLE
• NON-NEGOTIABLE BILL OF LADING
• NON-NEGOTIABLE INSTRUMENT
• NON-OBJECTING BENEFICIAL OWNER
• NON OBSTANTE
• NON OBSTANTE VEREDICTO
• NONOCCUPATIONAL
• NON-OCCUPATIONAL POLICY
• NON OMITTA9
• NON OMITTAS
• NON-OPERATING ASSET
• NON-OPERATING EXPENSE
• NON-OPERATING GAIN
• NON-OPERATING INCOME
• NON-OPERATING LOSS
• NONOWNED AUTO