BINARY-BARRIER OPTION
\bˈa͡ɪnəɹibˈaɹɪəɹ ˈɒpʃən], \bˈaɪnəɹibˈaɹɪəɹ ˈɒpʃən], \b_ˈaɪ_n_ə_ɹ_i_b_ˈa_ɹ_ɪ__ə_ɹ ˈɒ_p_ʃ_ə_n]\
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A hybrid of the BARRIER OPTION and BINARY OPTION that grants the buyer a payoff equal to a fixed cash or ASSET amount if the price of the UNDERLYING market reference breaches the BARRIER. Payoff may be immediate or at expiry of the contract. Also known as an AMERICAN BINARY OPTION, ONETOUCH OPTION. See also ASSETAT EXPIRY OPTION, ASSETATHIT OPTION, ATEXPIRY OPTION, ATHIT OPTION, CASHATHIT OPTION, CASHATEXPIRY OPTION.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.