Super Finance Glossary Over 10,000 financial glossary terms... Browse by Letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Or Enter Search Term: By Author: All Sources Campbell Harvey Internal Revenue Service Finance Globe FDIC Snow Gold CFTC U.S. Census Bureau Search Tips Knock-out Option Source Knock-out OptionDefinition: An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.