Binary Option

Tax Glossary Definition

Binary Option

Binary Option – A binary option is a type of financial contract in which the payoff depends entirely on the outcome of a yes-or-no proposition about the future price of an underlying asset—such as a stock, commodity, index, or currency. If the prediction proves accurate, the trader receives a predetermined return; if not, the entire investment is lost.

Example: An investor wagers ₹10,000 that the price of gold will exceed $2,000 by 5 p.m. If the forecast is correct, they might earn a fixed payout of ₹18,000; if incorrect, the ₹10,000 is forfeited.

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