Payout Criterion of a Contract means the Expiration Value or range of Expiration Values that will cause that Contract to pay a Settlement Value to the holder of a long position or the holder of a short position in such Contract. The holder of a long or short position in a Contract that receives a Settlement Value is considered to be “in-the-money” while the holder of either a long or short position in a Contract that does NOT receive a Settlement Value is considered to be “out-of-the-money”.
Payout Criterion of a Contract means the Expiration Value or set of Expiration Values that will cause that Contract to pay a Settlement Value to the holder of a long position in such Contract. The holder of a position in a Contract that receives a Settlement Value is considered to be “in-the-money” while the holder of a position in a Contract that does not receive a Settlement Value is considered to be “out-of-the-money”.
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that <nominee> won <award>. If no data is available from the Source Agency on the Expiration Date, then the market will resolve to No. Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.
Examples of Payout Criterion in a sentence
The Expiration Date of the Contract shall be the sooner of the date of the first 10:00 AM ET following the occurrence of an event that is encompassed in the Payout Criterion, the first 10:00 AM ET following the release of the data for all of <date>, or one week after <date>.
Last Trading Date: The Last Trading Date of the Contract will be the sooner of the date of the first 10:00 AM ET following the occurrence of an event that is encompassed in the Payout Criterion (whereupon the Last Trading Time will be 10:00 AM ET) or <date> (whereupon the Last Trading Time will be 11:59 PM ET).
More Definitions of Payout Criterion
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that contains a value that is greater than or equal to <speed>. Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that contains a value that is greater than or equal to <speed>. The value of speed should correspond directly to the value of <hurricane_category> using the Xxxxxx-Xxxxxxx scale, replicated below: The threshold for a tropical storm is sustained wind speeds of at least 39 miles per hour The threshold for a Hurricane Category 1 is sustained wind speeds of at least 74 miles per hour (64 knots) The threshold for a Hurricane Category 2 is sustained wind speeds of at least 96 miles per hour (83 knots) The threshold for a Hurricane Category 3 is sustained wind speeds of at least 111 miles per hour (96 knots) The threshold for a Hurricane Category 4 is sustained wind speeds of at least 130 miles per hour (113 knots) The threshold for a Hurricane Category 5 is sustained wind speeds of at least 157 miles per hour (137 knots) Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.
Payout Criterion of an iHedgelet Contract means the Expiration Value or range of Expiration Values that will cause that iHedgelet Contract to be “in-the-money.”
Payout Criterion of a Contract means the Expiration Value or range of Expiration Values that will cause that Contract to pay a Settlement Value to the holder of a long position or the holder of a short position in such Contract. The holder of a long or short position in a Contract that receives a Settlement Value is considered to be “in- the-money” while the holder of either a long or short position in a Contract that does NOT receive a Settlement Value is considered to be “out-of-the-money”.
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that are <above/below/between> <value>. If the value of <above/below/between> is “between”, then <value> shall be a pair of values, and an Expiration Value that is greater than or equal to the lower value of the value pair and less than or equal to the greater value of the value pair are encompassed in the Payout Criterion. Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that contains a value that is greater than or equal to <speed>. The value of speed should correspond directly to the value of <hurricane_category> using the Xxxxxx-Xxxxxxx scale, replicated below: The threshold for a tropical storm is sustained wind speeds of at least 39 miles per hour The threshold for a Hurricane Category 1 is sustained wind speeds of at least 74 miles per hour The threshold for a Hurricane Category 2 is sustained wind speeds of at least 96 miles per hour The threshold for a Hurricane Category 3 is sustained wind speeds of at least 111 miles per hour The threshold for a Hurricane Category 4 is sustained wind speeds of at least 130 miles per hour The threshold for a Hurricane Category 5 is sustained wind speeds of at least 157 miles per hour Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.
Payout Criterion. The Payout Criterion for the Contract encompasses the Expiration Values that contain a ruling that results in a <complete/partial> petitioner victory. The petitioners are Students for Fair Admissions, Inc. If the value of <complete/partial> is “complete”, then only a ruling that institutions of higher education that receive federal financial assistance cannot use race as a factor in admissions to institutions of higher education that receive federal funding is encompassed in the Payout Criterion. If the value of <complete/partial> is “partial”, then only a ruling that certain uses of race as a factor in admissions schemes that include those of Harvard College are impermissible (either on constitutional or statutory grounds) but does not rule that institutions of higher education that receive federal financial assistance cannot use race as a factor in admissions at all, is encompassed in the Payout Criterion. Please note that if the Supreme Court remands the case to lower courts without making any other determination and then re-hears the case, that subsequent ruling is outside of the scope of this contract. Only the initial ruling is considered in the scope of this contract. Examples to illustrate <complete/partial>: