third-order

adjective

Of or pertaining to third-order Greeks, used by portfolio managers and derivative traders to measure risk and the sensitivity of an option in regard to changes in implied volatility, time premium decay, and the price of its underlying security.

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Meanings

adjectivethird-order (not comparable)
  1. not comparablebusinessOf or pertaining to third-order Greeks, used by portfolio managers and derivative traders to measure risk and the sensitivity of an option in regard to changes in implied volatility, time premium decay, and the price of its underlying security.
Cite this entry
APA

third-order. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/third-order

MLA

“third-order.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/third-order. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “third-order,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/third-order.

Source: third-order on Wiktionary, CC BY-SA 4.0.