Glossary

Please click the terms to see the explanation.
Source: Deutsche Börse AG

Kind (of warrants)
Market sentiment behind an investment or leverage product. Long, Call, or Bull speculates on rising prices. Short, Put or Bear speculates on falling prices.
Knock-out limit
Knock-out limits represent a border for leverage products. If the underlying instrument climbs above, or falls beyond, this limit the knock-out certificate expires without value. Some knock-out certificates include an additional stop-loss limit at which the certificate does not expire without value, but a residual value is being paid to the investor. This value is dependent on the distance to the knock-out value.