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Webster 1913 Edition
Option
Op′tion
,Noun.
[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.)
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.
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.
Webster 1828 Edition
Option
OP'TION
,Noun.
1.
The power of choosing; the right of choice or election; as the archbishop's option in collating to a vacant benefice.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.
2.
The power of wishing; wish.3.
Choice; election; preference. He ought not to complain of his lot; it was his own option. We leave this to your own option.Definition 2024
Option
Option
option
option
See also: Option
English
Noun
option (plural options)
- One of the choices which can be made. [from the 19th c]
- 2012 January 1, Steven Sloman, “The Battle Between Intuition and Deliberation”, in American Scientist, volume 100, number 1, page 74:
- Libertarian paternalism is the view that, because the way options are presented to citizens affects what they choose, society should present options in a way that “nudges” our intuitive selves to make choices that are more consistent with what our more deliberative selves would have chosen if they were in control.
- The freedom or right to choose.
- (finance, law) 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]
- (graphical user interface) A button on a screen used to select an action (often "menu option")
Synonyms
- alternative
- choice
- possibility
- See also Wikisaurus:option
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
Derived terms
- optionable
- optional
- stock option
Related terms
Translations
one of the choices which can be made
|
freedom or right to choose
|
|
financial product
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]
- The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.