in the money

English dictionary entry

Meanings

prep_phrase
  1. Possessing money; rich.
  2. For an option, having a strike price which makes it profitable to exercise. For a call this is a strike below the market price, or for a put a strike above the market price.
  3. Achieving a sufficiently high ranking in a contest to earn money (for oneself, or for those who have placed a bet).

Pronunciation

en-au-in the money.ogg

Word forms

in the money
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