noun
rho
roh
noun
1
The seventeenth letter of the Greek alphabet (Ρ, ρ), corresponding roughly to the English R.
"The word "rhythm" ultimately comes from a Greek word starting with rho."
2
(finance) A measure of how sensitive an option's price is to changes in interest rates.
"Traders use rho to see how rising rates might affect an option's value."
How to Use Rho
Learner’s notesIn plain EnglishA Greek letter, and also a technical term in options trading.
Word Forms
rhos plural, Rhos plural
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The word "rhythm" ultimately comes from a Greek word starting with _____.
Etymology
From the name of the Greek letter ῥῶ (rhô).