What is Call On The Worst Of N-assets?

Legal Definition
An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the worst performing ASSET in a PORTFOLIO. See also CALL ON THE BEST OF NASSETS, MULTIINDEX OPTION, OPTION ON THE BEST/WORST OF NASSETS, PUT ON THE BEST OF NASSETS, PUT ON THE WORST OF NASSETS.