A BINARY OPTION that grants the buyer a payoff equal to a fixed cash amount if the price of the UNDERLYNG market reference breaches the STRKE PRICE at expry See also ALLORNOTHING OPTION, BINARY OPTION.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A BINARY OPTION that grants the buyer a payoff equal to a fixed cash amount if the price of the UNDERLYNG market reference breaches the STRKE PRICE at expry See also ALLORNOTHING OPTION, BINARY OPTION.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.