lapsation

noun

lapsation

noun

Etymology From lapse + -ation.

1

A lapse (act or result of lapsing)

Both constant withdrawal and optimal withdrawal (including lapsation) strategies are considered.2015, Ludovic Goudenege, Andrea Molent, Antonino Zanette, “Pricing and Hedging GLWB in the Heston and in the Black-Scholes with Stochastic Interest Rate Models”, in arXiv:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.