option
Plural: options
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
- one of a number of things from which only one can be chosen
- "what option did I have?"
- the act of choosing or selecting
- One of a set of choices that can be made.
- The freedom or right to choose.
- 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.
- 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.
Verb
Verb Forms: optioned, optioning, options
- To secure the exclusive right to purchase an asset.
- To purchase an option on something.
- To configure, by setting an option.
Examples
- He tried to option the valuable triple-word square, preventing his opponent from using it.
- The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.
Origin / Etymology
From French option, from Latin optiō (“choice; option; act of choosing”), from optō (“I choose, select”). Equivalent to opt + -ion.
Synonyms
alternative, choice, pick, selection, contingency, option, possibility
Scrabble Score: 8
option: valid Scrabble (US) TWL Wordoption: valid Scrabble Word in Merriam-Webster MW Dictionary
option: valid Scrabble Word in International Collins CSW Dictionary