Common comparison error
Call or put wording in Event contract does not necessarily grant the conventional exercise right associated with Binary option.
GlossaryProducts & contracts
Event contract
A contract settled by whether a stated event or condition occurs. Some event contracts use binary outcomes, but venue and regulatory structure can differ.
Practical use
How to verify Event contract
Read Event contract together with At-expiration digital option, Binary option, Derivative. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
Under Event contract, the reference crosses a target at 14:02 then ends below at 14:05. The accepted path rule, not the At expiration digital option screenshot, decides. The scenario is specific to Event contract: a stated event or condition determines settlement under venue-specific regulatory and payoff rules.
Evidence path
Where to verify Event contract
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.