Option
WordNet
noun
(1) The act of choosing or selecting
"Your choice of colors was unfortunate"
"You can take your pick"
(2) One of a number of things from which only one can be chosen
"What option did I have?"
"There no other alternative"
"My only choice is to refuse"
(3) The right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited
WiktionaryText
Etymology
From , from , from .
Noun
- One of the choices which can be made.
- The freedom or right to choose.
- A contract giving the holder the right to buy or sell an asset at a set strike price.
Hyponyms
American option, Bermudan option, European option, call, put, warrantRelated terms
Verb
- To purchase an option on something.
- The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.