Definition and Citations:
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.
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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.