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Latticework is an openwork framework consisting of a criss-crossed pattern of strips of building material, typically wood or metal. The design is created by crossing the strips to form a grid or weave. [ 1 ]
In quantitative finance, a lattice model [1] is a mathematical approach to the valuation of derivatives in situations requiring a discrete time model. For dividend paying equity options , a typical application would correspond to the pricing of an American-style option , where a decision to exercise is allowed at any time up to the maturity.
In computer security, lattice-based access control (LBAC) is a complex access control model based on the interaction between any combination of objects (such as resources, computers, and applications) and subjects (such as individuals, groups or organizations).
The binomial pricing model traces the evolution of the option's key underlying variables in discrete-time. This is done by means of a binomial lattice (Tree), for a number of time steps between the valuation and expiration dates. Each node in the lattice represents a possible price of the underlying at a given point in time.
Lattice mast, a type of observation mast common on major warships in the early 20th century; Lattice model (physics), a model defined not on a continuum, but on a grid; Lattice tower, or truss tower is a type of freestanding framework tower; Lattice truss bridge, a type of truss bridge that uses many closely spaced diagonal elements
An ornamental, lattice framework consisting of small strips in a criss-crossed pattern. Lesene A type of pilaster that lacks a base or capital. [60] Light The opening(s) in a window between mullions and muntins through which light enters an interior space. A 6:6 window is a window that has six lights in the upper sash and six in the lower sash.
A lattice tower or truss tower is a freestanding vertical framework tower. This construction is widely used in transmission towers carrying high-voltage electric power lines , in radio masts and towers (a self-radiating tower or as a support for aerials ) and in observation towers .
A lattice in the sense of a 3-dimensional array of regularly spaced points coinciding with e.g. the atom or molecule positions in a crystal, or more generally, the orbit of a group action under translational symmetry, is a translation of the translation lattice: a coset, which need not contain the origin, and therefore need not be a lattice in ...