Trisha Shetty (Editor)

Plain vanilla

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Plain vanilla is an adjective describing the simplest version of something, without any optional extras, basic or ordinary. In analogy with the common ice cream flavour vanilla, which became widely and cheaply available with the development of artificial vanillin flavour. Certain financial instruments, such as put options or call options, are often described as plain vanilla options. The opposite of plain vanilla options are exotic options.

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References

Plain vanilla Wikipedia