Common comparison error
A familiar European style binary option name cannot replace a win, loss, refund, missing-price, and Asset or nothing option payoff table.
GlossaryProducts & contracts
European-style binary option
A binary option whose settlement condition is evaluated at expiry rather than exercised before expiry.
Practical use
How to verify European-style binary option
Read European-style binary option together with Binary option, Asset-or-nothing option, Cash-settled binary option. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
European style binary option marketing is rewritten as a payoff table covering win, loss, equality, unavailable price, observation, returned stake, and distinction from Binary option. The result is classified under European style binary option because the condition is evaluated at expiry rather than exercised early by the holder.
Evidence path
Where to verify European-style binary option
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.