Option Definition
ŏpshən
optioned, options
noun
options
The act of choosing; choice.
Webster's New World
The power, right, or liberty of choosing.
Webster's New World
A contract or financial instrument granting such a right.
A stock option.
American Heritage
A contract by which one person, company, etc. gives another, for a consideration, the right to buy, sell, or lease something, sign or renew a contract, etc. at a specified price and within a specified time.
Webster's New World
The right to make a movie adaptation of a literary work or play.
A movie studio that purchased an option on a book.
American Heritage
verb
optioned
To transfer (a player) to a minor league with the option of recalling him.
Webster's New World
To grant or acquire by means of an option; specif., to buy or sell (rights) to (a book, film, etc.) in this way.
Webster's New World
The power or right to make a choice.
Webster's New World Law
A contract to keep an offer open for a specified period of time so that the person making the offer cannot suddenly withdraw it during that period.
Webster's New World Law
The right carried by that contract.
Webster's New World Law
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