A BINARY OPTION that grants the buyer an immediate payoff equal to a fixed cash amount once the price of the UNDERLYING market reference breaches the STRIKE PRICE or BARRIER. See also BINARYBARRIER OPTION.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A BINARY OPTION that grants the buyer an immediate payoff equal to a fixed cash amount once the price of the UNDERLYING market reference breaches the STRIKE PRICE or BARRIER. See also BINARYBARRIER OPTION.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.