In the money
\ɪn\ \ðə\ \ˈmʌni\
A term used to describe the current state of a longevity swap. It is in the money for a particular party if they would gain financially if it was settled at that point in time.
\ɪn\ \ðə\ \ˈmʌni\
A term used to describe the current state of a longevity swap. It is in the money for a particular party if they would gain financially if it was settled at that point in time.