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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
Recent Word Finds
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IMMOBILIZATION
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