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ex·ot·ic ˈop·tion SOST FIN

exotic option SOST MERC FIN

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An exotic option may also include non-standard underlying instrument, developed for a particular client or for a particular market.
en.wikipedia.org
Options where the payoff is calculated differently are categorized as exotic options.
en.wikipedia.org
The extensive menu includes everything from classics like burgers and halibut and chips to more exotic options like butter chicken.
www.paherald.sk.ca
The opposite of plain vanilla options are exotic options.
en.wikipedia.org
In some equity-linked notes, the payout structure is more complicated, resembling that of an exotic option.
en.wikipedia.org
For exotic options the trinomial model (or adaptations) is sometimes more stable and accurate, regardless of step-size.
en.wikipedia.org

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