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option Definition

op·tion (äp′s̸hən)

noun

  1. the act of choosing; choice
  2. the power, right, or liberty of choosing
    1. something that is or can be chosen; choice
    2. an optional item that can be purchased to supplement or enhance another consumer item
  4. 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
  5. Football an offensive play in which the ball carrier decides whether to hand off, run with, lateral, or pass the football

Etymology: Fr < L optio < optare, to wish, desire, ult. < IE *op-, to choose, prefer

transitive verb

  1. Sports to transfer (a player) to a minor league with the option of recalling him
  2. to grant or acquire by means of an option (); specif., to buy or sell (rights) to (a book, film, etc.) in this way
option Synonyms

option

n.

  1. Something that can be chosen

    choice, alternative, possibility, opportunity, prospect, substitute, special feature, added feature, elective, recourse, way out, loophole.

  2. A privilege to purchase

    right, prerogative, grant, claim, lien, license, lease, franchise, advantage, security, immunity, benefit, title, prior claim, dibs*.

  3. The power or act of choosing

    choice, selection, decision; see choice 1, choosing. See syn. study at choice.

option Finance Definition
A contract that gives the buyer the right to purchase (call) a security from the option writer or to sell (put) a security to the writer. A writer is the investor who creates the option, hoping to profit from the premium that the purchaser pays. An option specifies a price at which the option can be executed (called the strike, or exercise, price), and a time period during which the option is valid. Exchange-traded options have standardized terms, while those traded between individuals are customized. Options provide a type of insurance for investors who want to lock in a maximum price that they can buy a stock or other investment for or a minimum price at which the stock can be sold.
option Law Definition

n

n

n

n

v

  1. The power or right to make a choice.
  2. 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.
  3. The right carried by that contract.
  4. The right to sell or buy a certain number of stocks or bond at a set price within a specified time period.
  5. To give or take an option on something.
option Usage Examples

Preposition: from

  • menu: Right click on your mouse and choose the ' Save target as ' option from the menu.

Converse of object

  • choose: The final year research project will also be in the chosen option.
  • select: From the menu that comes up, select the option ' Delete ' .
  • discuss: In the next edition of Stress News the authors will go on to discuss treatment options.
  • consider: This is the view of the team which is considering options to develop the Village Hall.
  • explore: The method selected allowed the Research Associates to explore various modular options in each phase.

Adjective modifier

  • preferred: However, provision of a hospital bed may be a preferred option.
  • viable: However, despite these problems, demand remains substantial enough to make second-hand textile export a viable option for textile reuse.
  • various: A toolbar will appear above the document, giving you various options.
  • cheap: If you opt for the cheaper plasterboard option, you will need to cut out the laths.
  • vegetarian: For dinner you choose from two or three dishes for each course, with vegetarian options.
  • attractive: Salisbury looks to be a very attractive option to the South.

Modifies a noun

  • appraisal: He or she will be expected to develop the management accounting function, including the preparation of option appraisals for new capital projects.
  • module: The course provides a combination of core and option modules provided by the Research and Graduate School and the School of Languages.

Noun used with modifier

  • menu: Advanced searching Click on the Advanced search menu option, or on Show advanced search at the top right of the search screen.
  • configuration: To change the configuration options: Log into the WEBppliance server using the Telnet or SSH remote login service.
  • career: Is there a model I can use to help me reflect on my career options?
  • share: Earlier this year more than 100,000 staff who have bought into the share option scheme enjoyed a £ 106 million payout.
  • treatment: In the next edition of Stress News the authors will go on to discuss treatment options.
  • search: The simple search option allows you to do a keyword search restricted by subject category.