> For the complete documentation index, see [llms.txt](https://eako-capital.gitbook.io/eako-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://eako-capital.gitbook.io/eako-user-guide/variations-on-barrier-options/knock-out-with-rebate.md).

# Knock-Out with Rebate

A Knock-Out with Rebate is a Knock-Out option where the premium is reimbursed to the buyer if the option is knocked-out.

It is the combination of a One Touch and a Knock-Out option (the Knock-Out may be regular or reverse).