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Option

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
Wiktonary



Etymology


From , from , from .

Noun



  1. One of the choices which can be made.
  2. The freedom or right to choose.
  3. 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, warrant

Related terms


Verb



  1. 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.