option
One of a set of choices that can be made.
Other meanings
The freedom or right to choose.
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.
Synonyms
- alternative
- choice
- possibility
Related words
- antioption
- antioptionist
- multioption
- optionaire
- optionary
- optionee
- optioneering
- optionless
- optionlike
- optionor
- preoption
- reoption
Example sentences
Word history
From Latin "optiō" (choice; option; act of choosing).
Where this comes from
This definition is adapted from “option” on Wiktionary, by its contributors; example sentences are from Tatoeba, credited to their authors above, published under CC BY-SA 4.0. This page is published under the same licence.