option
noun
1. 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
Definition categories: possession, derivative
2. one of a number of things from which only one can be chosen
- what option did I have?
Similar word(s): alternative, choice
Definition categories: thought, deciding
3. the act of choosing or selecting
verb
1. To purchase an option on something. [from the 20th c]
- The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.