Plain vanilla is an
adjective
An adjective (abbreviations, abbreviated ) is a word that describes or defines a noun or noun phrase. Its semantic role is to change information given by the noun.
Traditionally, adjectives are considered one of the main part of speech, parts of ...
describing the simplest version of something, without any optional extras, basic or ordinary, in analogy with the common
ice cream
Ice cream is a frozen dessert typically made from milk or cream that has been flavoured with a sweetener, either sugar or an alternative, and a spice, such as Chocolate, cocoa or vanilla, or with fruit, such as strawberries or peaches. Food ...
flavour
vanilla
Vanilla is a spice derived from orchids of the genus ''Vanilla (genus), Vanilla'', primarily obtained from pods of the flat-leaved vanilla (''Vanilla planifolia, V. planifolia'').
''Vanilla'' is not Autogamy, autogamous, so pollination ...
, which became widely and cheaply available with the development of artificial
vanillin
Vanillin is an organic compound with the molecular formula . It is a phenolic aldehyde. Its functional groups include aldehyde, hydroxyl, and ether. It is the primary component of the ethanolic extract of the vanilla bean. Synthetic vanillin ...
flavour.
Certain
financial instrument
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form ...
s, such as
put option
In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the ''underlying''), at a specified price (the ''strike''), by (or on) a ...
s or
call option
In finance, a call option, often simply labeled a "call", is a contract between the buyer and the seller of the call Option (finance), option to exchange a Security (finance), security at a set price. The buyer of the call option has the righ ...
s, are often described as ''plain vanilla'' options. The opposite of plain vanilla options are
exotic option
In finance, an exotic option is an option which has features making it more complex than commonly traded vanilla options. Like the more general exotic derivatives they may have several triggers relating to determination of payoff. An exotic op ...
s.
[Plain vanilla o]
www.investopedia.com
See also
*
Vanilla software
Vanilla software refers to applications and systems used in their unmodified, original state, as distributed by their vendors. This term is often applied in fields such as enterprise resource planning (ERP), e-government systems,Clohessy, Trevor; ...
, computer software which is not customized.
*
Vanilla sex
Conventional sex, colloquially known as vanilla sex, is sexual behavior that is within the range of normality for a culture or subculture, and typically involves sex which does not include elements of BDSM, kink, fetishism, and/or happens within ...
, sexual behavior which a culture regards as standard or conventional.
References
Options (finance)
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