Barrier Type

Barrier Type refers to List of the possible effects a "barrier hit" may have on the option payoff.
By "barrier hit" is meant the event of the underlying price touching a predefined value representing the level of the barrier.
Also an optional rebate amount, payable as soon as the barrier is hit, may be specified.
Available Barrier Type types:
Lower Knock-In
Lower Knock-Out
Upper Knock-In
Upper Knock-Out