AT-EXPIRY OPTION
\atɛkspˈa͡ɪ͡əɹɪ ˈɒpʃən], \atɛkspˈaɪəɹɪ ˈɒpʃən], \a_t_ɛ_k_s_p_ˈaɪə_ɹ_ɪ_ ˈɒ_p_ʃ_ə_n]\
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A BINARY OPTION that grants the buyer a payoff at expiry equal to a fixed ASSET or cash value if the price of the UNDERLYING market reference breaches the BARRIER at any time during the transaction. See also ASSETATEXPIRY OPTION, ATHIT OPTION,BINARYBARRIER OPTION, CASHATEXPIRY OPTION.
By Henry Campbell Black
