Bermudan adjective 2noun 1forms 1 adjective2 •Of, from, or pertaining to Bermuda, or the Bermudian peoples. •That can be exercised on specific dates between the issue date and the expiry date.This chapter focuses on the pricing of various exotic interest rate derivatives including Bermudan swaptions, constant maturity swaps, trigger swaps, index amortizing swaps, and quantos. — 2005 noun1 •A person from Bermuda or of Bermudian descent. formsBermudans