OPTION

choice, selection, option, pick

(noun) the act of choosing or selecting; “your choice of colors was unfortunate”; “you can take your pick”

option, alternative, choice

(noun) one of a number of things from which only one can be chosen; “what option did I have?”; “there is no other alternative”; “my only choice is to refuse”

option

(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

Source: WordNet® 3.1


Etymology

Noun

option (plural options)

One of a set of choices that can be made. [from the 19th c.]

The freedom or right to choose.

(finance, legal) 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. [from the mid-18th c.]

Synonyms

• alternative

• choice

• possibility

• See also option

Hypernyms

• (finance) (A contract giving the holder the right to buy or sell an asset): derivative

Hyponyms

• (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

Verb

option (third-person singular simple present options, present participle optioning, simple past and past participle optioned)

To purchase an option on something. [from the 20th c]

(computing, dated) To configure, by setting an option.

Anagrams

• potion

Source: Wiktionary


Op"tion, n. Etym: [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 alternative. 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.)

Definition: 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)

Definition: 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.

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

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

22 January 2025

MEGALITH

(noun) memorial consisting of a very large stone forming part of a prehistoric structure (especially in western Europe)


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Coffee Trivia

According to Guinness World Records, the most massive cup of coffee contained 22,739.14 liters and was created by Alcaldía Municipal de Chinchiná (Colombia) at Parque de Bolívar, Chinchiná, Caldas, Colombia, on 15 June 2019. Fifty people worked for more than a month to build this giant cup. The drink prepared was Arabic coffee.

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