Option

//ˈɒpʃən// noun, verb

Definitions

Noun
  1. 1
    One of a set of choices that can be made.

    "Luiz struggled with the movement of Helguson in the box, as he collected a long ball and the Spaniard barged him over, leaving referee Chris Foy little option but to point to the spot."

  2. 2
    the act of choosing or selecting wordnet
  3. 3
    The freedom or right to choose.
  4. 4
    one of a number of things from which only one can be chosen wordnet
  5. 5
    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.

    "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."

Show 2 more definitions
  1. 6
    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 wordnet
  2. 7
    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. uncountable

    "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."

Verb
  1. 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."

  2. 2
    To configure, by setting an option. dated

    "The device that is to echo the characters should be optioned for echoplexing."

Etymology

Etymology 1

From French option, from Latin optiō (“choice; option; act of choosing”), from optō (“I choose, select”). Equivalent to opt + -ion.

Etymology 2

From French option, from Latin optiō (“choice; option; act of choosing”), from optō (“I choose, select”). Equivalent to opt + -ion.

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