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Definitions for Option

[1] the power or right of choosing.
[2] something that may be or is chosen; choice.
[3] the act of choosing.
[4] an item of equipment or a feature that may be chosen as an addition to or replacement for standard equipment and features: a car with a long list of extra-cost options; a telephoto lens option for a camera.
[5] stock option.
[6] a privilege acquired, as by the payment of a premium or consideration, of demanding, within a specified time, the carrying out of a transaction upon stipulated terms; the right, as granted in a contract or by an initial payment, of acquiring something in the future: We bought one lot and took a 90-day option on an adjoining one.
[7] Football . a play in which a back has a choice of either passing or running with the ball.
[8] to acquire or grant an option on: The studio has optioned his latest novel for film adaptation.
[9] to provide with optional equipment: The car can be fully optioned at additional cost.
[10] the act or an instance of choosing or deciding
[11] the power or liberty to choose
[12] an exclusive opportunity, usually for a limited period, to buy something at a future date he has a six-month option on the Canadian rights to this book
[13] commerce the right to buy (call option ) or sell (put option ) a fixed quantity of a commodity, security, foreign exchange, etc, at a fixed price at a specified date in the future See also traded option
[14] something chosen; choice
[15] NZ short for local option
[16] keep one's options open or leave one's options open not to commit oneself
[17] See soft option
[18] (tr) to obtain or grant an option on

Words related to Option

right, choice, benefit, preference, privilege, opportunity, claim, selection, dilemma, advantage, license, grant, prerogative, dibs, pickup, discretion, election, franchise, druthers

Words nearby Option

optimization, optimize, optimum, optimum dose, optimum population, option, option money, optional, optionee, opto-, optoelectronics

Origin of Option

1595–1605; < Latin optiōn- (stem of optiō ) choice, equivalent to op(tāre ) to select (see opt) + -tiōn- -tion

Other words from Option

op·tion·a·ble , adjective
pre·op·tion , noun

Word origin for Option

C17: from Latin optiō free choice, from optāre to choose

Synonyms for Option

benefit, choice, opportunity, preference, privilege, right, advantage, claim, dibs, dilemma, discretion, druthers, election, franchise, grant, license, pickup, prerogative, selection, flipside, free will, other side of coin, take it or leave it