'option' definitions:
Definition of 'option'
(from WordNet)
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
noun
One of a number of things from which only one can be chosen; "what option did I have?"; "there no other alternative"; "my only choice is to refuse" [syn: option, alternative, choice]
noun
Synonyms of 'option'
From: Moby Thesaurus
- 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