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option

   Also found in: Legal, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
op·tion  (pshn)
n.
1. The act of choosing; choice. See Synonyms at choice.
2. The power or freedom to choose.
3.
a. The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price.
b. The privilege of demanding fulfillment of a contract at a specified time.
c. A stock option.
d. The right of the holder of an insurance policy to specify the manner in which payments are to be made or credited to the policyholder.
e. Baseball The right of a major-league team to transfer a player to a minor-league team while being able to recall the player within a specified period.
4. Something chosen or available as a choice.
5. An item or feature that may be chosen to replace or enhance standard equipment, as in a car.
6. Football An offensive play in which a back, usually the quarterback, has the choice of running with the ball or throwing a forward pass.
tr.v. op·tioned, op·tion·ing, op·tions
1. To acquire or grant an option on: "had optioned for a film several short stories about two policemen" Barbara Goldsmith.
2. Baseball To transfer (a major-league player) to a minor-league club on option.

[Latin opti, optin-.]

option
Noun
1. the power or liberty to choose: we have no option other than to fully comply
2. something that is or may be chosen: the menu includes a vegetarian option
3. an exclusive right, usually for a limited period, to buy or sell something at a future date: a producer could extend his option on the material for another six months
4. keep or leave one's options open not to commit oneself
5. soft option an easy alternative
Verb
to obtain or grant an option on: the film rights are optioned by an international film director [Latin optare to choose]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.optionoption - 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
naked option - a put or call option for which the seller or buyer has no underlying security position
covered option - a put or call option backed by the shares underlying the option
call option, call - the option to buy a given stock (or stock index or commodity future) at a given price before a given date
put, put option - the option to sell a given stock (or stock index or commodity future) at a given price before a given date
straddle - the option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options
incentive option, incentive stock option - an option granted to corporate executives if the company achieves certain financial goals
derivative instrument, derivative - a financial instrument whose value is based on another security
stock option - the right to buy or sell a stock at a specified price within a stated period
lock-up option - an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover
2.option - 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"
deciding, decision making - the cognitive process of reaching a decision; "a good executive must be good at decision making"
obverse - the more conspicuous of two alternatives or cases or sides; "the obverse of this issue"
druthers, preference - the right or chance to choose; "given my druthers, I'd eat cake"
default option, default - an option that is selected automatically unless an alternative is specified
possible action, possibility, opening - a possible alternative; "bankruptcy is always a possibility"
impossible action, impossibility - an alternative that is not available
Hobson's choice - the choice of taking what is offered or nothing at all
soft option - an easier alternative; "the instructor took the soft option and gave the boy a passing grade"
3.optionoption - the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick"
action - something done (usually as opposed to something said); "there were stories of murders and other unnatural actions"
casting - the choice of actors to play particular roles in a play or movie
coloration, colouration - choice and use of colors (as by an artist)
sampling - (statistics) the selection of a suitable sample for study
decision, determination, conclusion - the act of making up your mind about something; "the burden of decision was his"; "he drew his conclusions quickly"
willing, volition - the act of making a choice; "followed my father of my own volition"
election - the act of selecting someone or something; the exercise of deliberate choice; "her election of medicine as a profession"
balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 votes in favor of the motion"; "they allowed just one vote per person"

option
noun choice, alternative, selection, preference, freedom of choice, power to choose, election
Translations
Spanish option [ˈɔpʃən] nopción f;
to keep one's options open (fig) → mantener las opciones abiertas;
I have no option → no tengo más or otro remedio

French option [ˈɔpʃən] nchoix m, option f;
(Scol) → matière f à option;
(Comm) → option;
to keep one's options open (fig) → ne pas s'engager;
I have no option → je n'ai pas le choix

German option [ˈɔpʃən] n (= choice) → Möglichkeit f;
(Scol) → Wahlfach nt;
(Comm) → Option f;
to keep one's options open → sich dat alle Möglichkeiten offenhalten;
to have no option → keine (andere) Wahl haben

Italian option [ˈɔpʃən] nscelta;
(SCOL) → materia facoltativa;
(COMM) → opzione f;
to keep one's options open (fig) → non impegnarsi;
I have no option → non ho scelta

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I have got the whole house for three guineas a week, with the option of remaining through the autumn at the same price.
The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources.
The Austrian general looked dissatisfied, but had no option but to reply in the same tone.
 
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