What is Asset-or-nothing Option?

Legal Definition
A BINARYBARRIER OPTION that grants the buyer a payoff equal to a fixed ASSET value if the price of the UNDERLYING market reference exceeds the STRIKE PRICE at expiry. See also BINARY OPTION, CASHORNOTHING OPTION.ASSET STRIPPING The process of selling corporate ASSETS acquired in a TAKEOVER or ACQUISITION. Such disposals may occur when the value of selling assets and using the proceeds to repay DEBT or invest in alternative ventures is estimated to be greater than the value of preserving them on the balance sheet. See also BREAKUP VALUE, LIQUIDATION VALUE.ASSET SWAP An OVERTHECOUNTER INTEREST RATE SWAP that exchanges BOND COUPONS from fixed rates into floating, or vice versa, creating a synthetic investment that meets an investor