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Definition of Option
1. Noun. 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.
Generic synonyms: Derivative, Derivative Instrument
2. Noun. One of a number of things from which only one can be chosen. "My only choice is to refuse"
Generic synonyms: Deciding, Decision Making
Specialized synonyms: Obverse, Druthers, Preference, Default, Default Option, Opening, Possibility, Possible Action, Impossibility, Impossible Action, Hobson's Choice, Soft Option
Derivative terms: Alternative
3. Noun. The act of choosing or selecting. "You can take your pick"
Generic synonyms: Action
Specialized synonyms: Casting, Coloration, Colouration, Sampling, Conclusion, Decision, Determination, Volition, Willing, Election, Ballot, Balloting, Vote, Voting
Derivative terms: Opt, Pick, Select
Definition of Option
1. n. The power of choosing; the right of choice or election; an alternative.
Definition of Option
1. Noun. One of the choices which can be made. ¹
2. Noun. The freedom or right to choose. ¹
3. Noun. (finance) A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile. ¹
4. Noun. (context: graphical user interface) A button on a screen used to select an action (often "menu option") ¹
5. Verb. To purchase an option on something. ¹
¹ Source: wiktionary.com
Definition of Option
1. to grant an option (a right to buy or sell something at a specified price within a specified time) on [v -ED, -ING, -S]
Lexicographical Neighbors of Option
Literary usage of Option
Below you will find example usage of this term as found in modern and/or classical literature:
1. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1922)
"Vendor and purchaser <8=I8(2, 3)—Time of essence of option agreement and renewal
to be supported by valuable consideration. Where the owner of land upon a ..."
2. Notes and Queries by Martim de Albuquerque (1907)
"It is said, gentlemen, that we are asked to vote for a principle which is called
Local option."—WE Gladstone, 26 Nov., 1879, in 'Political Speeches in ..."
3. Bulletin by University of the State of New York (1902)
"8 There must be provided aA full year option 6 A half year option c The possibility
of a two year option Specifications The full year option, ..."
4. Woodfall's Law of Landlord and Tenant by William Woodfall (1890)
"Exercise of option to purchase. A lease sometimes contains a clause enabling the
tenant, upon giving certain notice to the landlord, to purchase the ..."
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