Common comparison error
Support's informal Cash or nothing put description cannot replace account terms, recorded outcome, and Asset or nothing option.
GlossaryProducts & contracts
Cash-or-nothing put
A cash binary that pays when the settlement value satisfies the contract's below-strike condition.
Practical use
How to verify Cash-or-nothing put
Read Cash-or-nothing put together with Cash-or-nothing call, Asset-or-nothing option, Cash-or-nothing option. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Two tiers apply different Cash or nothing put rules to cards and bank transfers. Terms and live cashier values are compared with Cash or nothing call for the intended account. The result is classified under Cash or nothing put because cash is paid only when the settlement value satisfies the accepted below-strike condition.
Evidence path
Where to verify Cash-or-nothing put
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.