# Bermudan Option

*Derivatives & Options — Finicade finance glossary*

An option you can exercise on several set dates, not just at expiry (European) or any time (American) — the halfway house, named for the island between the two. Swaptions are often Bermudan.

**Related terms:** [American Option](https://finicade.com/glossary/american-options), [European Option](https://finicade.com/glossary/european-option), [Swaption](https://finicade.com/glossary/swaption)

Source: https://finicade.com/glossary/bermudan-option