Definition and Citations:
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.
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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.