Option

['ɒpʃ(ə)n] or ['ɑpʃən]

Definition

(noun.) 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'.

(noun.) 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.

Checked by Ida--From WordNet

Definition

(n.) The power of choosing; the right of choice or election; an alternative.

(n.) The exercise of the power of choice; choice.

(n.) A wishing; a wish.

(n.) A right formerly belonging to an archbishop to select any one dignity or benefice in the gift of a suffragan bishop consecrated or confirmed by him, for bestowal by himself when next vacant; -- annulled by Parliament in 1845.

(n.) A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit.

Typed by Bernadine

Synonyms and Synonymous

n. Choice, election, preference.

Checked by Judith

Definition

n. act of choosing: power of choosing or wishing: wish.—adj. Op′tional left to one's option or choice.—adv. Op′tionally.—n. Op′tions a mode of speculating chiefly in stocks and shares which is intended to limit the speculator's risk. It consists in paying a sum down for the right to put (make delivery) or call (call for delivery) a given amount of stock at a fixed future date the price also being fixed at the time the contract is entered into.—Local option (see Local).

Checker: Raymond