gamma
n. C / Un. the third letter of the Greek alphabet. In science and math, it often represents a specific type of energy or a mathematical value.
n. the third letter of the Greek alphabet (Γ, γ). Frequently represents a specific variable in mathematical equations, a measure of risk in financial derivatives, or high-energy electromagnetic radiation in physics.
Gamma rays are a very powerful form of radiation.
The physicist explained that gamma radiation has the shortest wavelength and highest energy in the electromagnetic spectrum.
In financial modeling, traders monitor gamma to understand how the delta of an option will change relative to movements in the price of the underlying asset.
Often used as a modifier before another noun, such as 'gamma ray' or 'gamma function'.