Definition of Option:

  1. Agreement through which a firm takes a tentative stake in a project and, while it has the right to continue its participation, does not make any commitment.

  2. Contract to keep an offer open for a fixed period during which the offeror cannot withdraw the offer.

  3. Alternative term for an alternative.

  4. Employee stock option where key employees are given a chance to buy the firms stock at a special price.

  5. Buy or sell an option on (something).

  6. A thing that is or may be chosen.

  7. An offensive play in which the ball carrier has the option to run, pass, hand off, or lateral.

  8. Formal contract between a seller (the optioner) and a buyer (the optionee) the right (but not the obligation) to buy-and-sell (or to buy-or-sell) a specific property or a fixed-quantity of a commodity, currency, or security, at a fixed price (called exercise price) on or up to a fixed date (called expiration date). Optionee pays down only a fraction (called premium or option money) of the full value of the contract, thus obtaining an investment leverage. An option to buy (called call option) is purchased when prices are expected to rise, an option to sell (called put option) when prices are expected to fall, and an option to buy-or-sell (called double option) when prices may go either way. The most popular types of options are named American option (exercisable any day up to the expiration date) and European option (exercisable only on the expiration date). Any option that is not exercised is automatically cancelled and the optionee loses the premium. In practice, only a few options are exercised and most are bought from or sold to other optioners or optionees before the expiration date. Since options are legally binding contracts, they have intrinsic value and are freely traded on the futures exchanges. Futures contracts, in contrast, cannot lapse and their holder have to sell them before their expiration date or take delivery of the underlying item. Called also option contract.

Synonyms of Option

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, Choice, Alternative, Recourse, Possibility, Course of action

How to use Option in a sentence?

  1. His second script will have been optioned by the time you read this.
  2. Sometimes you may need to sign an option if you want to take a job but arent quite ready to commit fully.
  3. You must always leave yourself an option as a way out if things do not go well and you need to change your course.
  4. I decided to take the third option my parents offered me and take my little brother trick or treating because I didnt not wanna do my homework.
  5. Choose the cheapest options for supplying energy.

Meaning of Option & Option Definition