Option
Word: optionOption Meanings:
- The power of choosing; the right of choice or election; an alternative
- The exercise of the power of choice; choice
- A wishing; a wish
- 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
- A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit; also, the contract giving that privelege; as, an option to buy a stock at a given price; to exercise an option
- (Received Pronunciation) IPA(key): /ˈɒpʃən/
- (General American) IPA(key): /ˈɑpʃən/
- (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.
- (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.
- (finance) (A contract giving the holder the right to buy or sell an asset): derivative
- (finance) (A contract giving the holder the right to buy or sell an asset): American option, Bermudan option, European option, call option or call, put option or put, warrant
- 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.
- (computing, dated) To configure, by setting an option.
- “option”, in Webster’s Revised Unabridged Dictionary, Springfield, Mass.: G. & C. Merriam, 1913, →OCLC.
- “option”, in The Century Dictionary , New York, N.Y.: The Century Co., 1911, →OCLC.
- “option”, in Trésor de la langue française informatisé , 2012.