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Meaning of OPTION

Pronunciation:  '√Ępshun

WordNet Dictionary
  1. [n]  the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick"
  2. [n]  an alternative action; "what option did I have?"; "there no other alternative"; "my only choice is to refuse"
  3. [n]  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

OPTION is a 6 letter word that starts with O.


 Synonyms: alternative, choice, choice, pick, selection
 See Also: action, ballot, balloting, call, call option, casting, coloration, colouration, conclusion, covered option, deciding, decision, decision making, default, default option, derivative, derivative instrument, determination, druthers, election, Hobson's choice, impossibility, impossible action, incentive option, incentive stock option, lock-up option, naked option, obverse, opening, possibility, possible action, preference, put, put option, sampling, soft option, stock option, straddle, volition, vote, voting, willing



Webster's 1913 Dictionary
\Op"tion\, n. [L. optio; akin to optare to choose, wish,
optimus best, and perh. to E. apt: cf. F. option.]
1. The power of choosing; the right of choice or election; an

         There is an option left to the United States of
         America, whether they will be respectable and
         prosperous, or contemptible and miserable, as a
         nation.                               --Washington.

2. The exercise of the power of choice; choice.

         Transplantation must proceed from the option of the
         people, else it sounds like an exile. --Bacon.

3. A wishing; a wish. [Obs.] --Bp. Hall.

4. (Ch. of Eng.) 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.

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

{Buyer's option}, an option allowed to one who contracts to
   buy stocks at a certain future date and at a certain
   price, to demand the delivery of the stock (giving one
   day's notice) at any previous time at the market price.

{Seller's option}, an option allowed to one who contracts to
   deliver stock art a certain price on a certain future
   date, to deliver it (giving one day's notice) at any
   previous time at the market price. Such options are
   privileges for which a consideration is paid.

{Local option}. See under {Local}.

Syn: Choice; preference; selection.

Usage: {Option}, {Choice}. Choice is an act of choosing;
       option often means liberty to choose, and implies
       freedom from constraint in the act of choosing.

Computing Dictionary

command line option

Thesaurus Terms
 Related Terms: alternate choice, alternative, call, chance, choice, discretion, druthers, election, emption, first option, first refusal, free choice, free decision, free will, full consent, noncontingent free will, opportunity, optionality, pleasure, possible choice, preemption, preference, prerogative, privilege, put, put and call, recourse, refusal, right, right of emption, right of preemption, say, say-so, selection, spread, stock option, straddle, strap, strip, way out, will and pleasure