Common comparison error
The winning side of Contract condition does not receive unlimited market gain; accepted cash payoff and Binary option rules control.
GlossaryProducts & contracts
Contract condition
The exact rule that determines a winning or losing settlement, including direction, strike, barrier, range, and expiry.
Practical use
How to verify Contract condition
Read Contract condition together with Contract family, Binary option, Exotic option. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
The platform's Contract condition label resembles Contract family, but archived specifications reveal different observation and settlement rules. What makes this an example of Contract condition is that direction, strike, barrier, range, time, equality, and quote source together decide settlement.
Evidence path
Where to verify Contract condition
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.