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Basket Option

   Also found in: Wikipedia 0.03 sec.
Basket Option
A type of option whose underlying asset is a basket of commodities, securities, or currencies.

Notes:
A currency basket option provides a cheaper method for multinational corporations to receive/sell a basket of several currencies for one specified currency. An example would be MacDonald's buying a basket option involving Indian rupees and British pounds in exchange for U.S. dollars.
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The sauces are sold in individual 16-ounce jars, but the company also offers food service sizes for restaurants and some impressive gift basket options for special occasions.
Gisella's fresh and chunky pasta sauces will take your tastebuds to ... by Vegetarian Journal
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