option


2option

verb

Definition of OPTION

transitive verb
1
: to grant or take an option on
2
: to acquire the exclusive right to use (an author's work) as the basis for a motion picture <the studio optioned the novel for a film>

First Known Use of OPTION

1926

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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