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/ˈɒp.ʃən/
Meaning & Definition
noun
a thing that is or may be chosen.
You have the option to select your preferred seat on the plane.
the freedom or ability to choose.
We provide customers with several options to customize their orders.
a right to buy or sell an asset at a specified price within a specified time period.
Investors often use options to hedge against potential losses in their portfolios.
a contractual agreement granting a party the right to buy or sell an asset at a predetermined price.
The company offered an option to purchase additional shares at a fixed price.
Etymology
From Latin 'optio', meaning 'choice'.
Common Phrases and Expressions
give someone options
to provide someone with choices
in the option pool
in a range of available choices or alternatives
option A/B
used to refer to two choices available.
Related Words
choose
to select from a number of possibilities.
select
to carefully choose as being the best or most suitable.
alternative
one of two or more available possibilities.
Slang Meanings
It's all optional.
The extra credit work is all optional, so don't stress about it.
Take it or leave it.
That's my final offer; it's just an option for you.