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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.