Go to Deriscope's documentation start pagePayoff

*Payoff* is a Type that represents the exact mathematical dependence of the cash flow amount on the observed value of the underlying variable.

For example, the cash flow amount associated with a stock option is given by *max{ ε(x-K) , 0 }* where *x* is the underlying variable and the rest are constants.

In this case, a *Payoff* object would capture exactly the above formula.

The available payoff types are described in Payoff::Payoff Type.