Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun finance The optimal date to exercise an American option (or a Bermudan option).

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

First introduced by Mark Garman in an article Semper tempus fugit published in 1989 by Risk Publications, this name was designed to represent a quantity used in binomial trees to estimate american options. the latin term "tempus fugit" means "time flies" and Mark Garman suggested to use that word because "time flies especially when you're having fun managing your book of American options"

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Examples

  • Many are in the shape of proverbs, e.g. _Longe fugit qui suos fugit_, _gnothi seauton_,

    The History of Roman Literature From the earliest period to the death of Marcus Aurelius Charles Thomas Cruttwell 1879

  • Trouble was it was engraved, "To Chuck; Tempus fugit," except the "fugit" was worn down and looked at first glance like "To Chuck; Tempus fucks."

    The Art of Crime The Daily Growler 2006

  • Time, and how one chooses to spend it, is really the issue here, for one doesn't arrive at this stage of life without a keenly felt awareness that tempus fugit.

    'Are You Dating Yet?' Wendy Dennis 2010

  • Jen and I try to maintain a near-constant state of denial about the imminent end of "Lost," but it must be said: after tonight's show, we'll have only three episodes left before the May 23 finale and, tempus fugit, time is a'wasting and there are questions yet to be answered.

    The 'Lost' 5: Questions ahead of 'The Last Recruit' 2010

  • Well, tempus fugit, as the ancient Romans used to cuss.

    A Third Choice (ID Hypothesis) 2007

  • Nor all your Tears wash out a Word of it tempus fugit carpe diem

    Matthew Yglesias » Vacation 2007

  • Apart from the fact that the denouement felt a bit rushed and tempus fugit maximus quickly towards the end of the book this was a great, unputdownable read and I was then intrigued to look up some background on original events.

    The Angel Makers 2007

  • Apart from the fact that the denouement felt a bit rushed and tempus fugit maximus quickly towards the end of the book this was a great, unputdownable read and I was then intrigued to look up some background on original events.

    The Angel Makers 2007

  • Apart from the fact that the denouement felt a bit rushed and tempus fugit maximus quickly towards the end of the book this was a great, unputdownable read and I was then intrigued to look up some background on original events.

    52 entries from February 2007 2007

  • The clock is supposed to remind us that tempus fugit, it confronts us with our own mortality.

    Archive 2008-09-01 Miglior acque 2008

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