Option

Quick meaning: Option is a noun meaning One of a set of choices that can be made.

Meaning

One of a set of choices that can be made.

More Meanings

1. The freedom or right to choose.
2. To purchase an option on something.
3. (computing, dated) To configure, by setting an option.
4. (finance, law) 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.
5. (law, uncountable) The acquiring or retention of a nationality through personal choice as a right, bypassing selective legal mechanisms for naturalization, especially in cases where a territory is transferred or passed on from one state to another.

Example Sentences

The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.

This group constitutes around 9 percent of the total number of acquisitions of Dutch nationality through option.

There's a book out on us and there's gonna be a movie based on the book. ABC has bought the option for a movie to be made specially for T.V.

At that time every emigrant who was made aware of such a notification submitted his application for option to the British Consuls within the period prescribed.

Word Forms

• options
• optioning
• optioned

Synonyms for option

Depending on context, synonyms include alternative, choice, possibility, contingency.

Related Words

Related dictionary entries include choice, alternative, choosing, choose, opt, selection.

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