Examlex
Choose the one alternative that best completes the statement or answers the question.
Use long division to divide.
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Binary Options
Financial instruments that pay out either a fixed amount or nothing at all, depending on whether a certain condition is met at expiration, typically related to the price movement of a security.
Fixed Amount
A fixed amount refers to a specific quantity or sum of money that does not change over time, often used in financial contexts like investments, payments, or fees.
Specified Event
An occurrence or situation outlined within a contract that triggers certain actions or conditions, often used in insurance and derivatives contracts.
Striking Price
The set price at which an option's holder is allowed to purchase or sell the asset underlying the option.
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