option

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

1 :  the power or right to choose Children have an option between milk or juice.

2 :  something that can be chosen Quitting is not an option.

3 :  a right to buy or sell something at a specified price during a specified period His parents took an option on the house.

1 :  the power or right to choose; also :  a choice made or available

2 :  a privilege of demanding fulfillment of a contract on any day within a specified time

3 :  a contract conveying in exchange for the payment of a premium a right to buy or sell designated securities, commodities, or interests in property at a specified price during a stipulated period; also :  the right conveyed by such a contract decided to exercise his option call option :  an option to buy at a fixed price at or within a certain time — compare put option in this entry covered option :  an option in which the optionor owns the security or commodity to be conveyed under the option — compare naked option in this entry futures option :  an option on futures incentive stock option \in-ˈsen-tiv-\ :  a stock option granted by a corporation to its officers and employees as supplementary compensation that is subject to special tax treatment under the Internal Revenue Code index option :  an option on a stock index naked option :  an option in which the optionor does not own the security or commodity and will have to purchase it at market price if the optionee decides to exercise the option — compare covered option in this entry put option :  an option to sell for a fixed price at or within a specified time stock option :  an option giving the optionee the right to purchase a specified number of shares of stock from a corporation at a specified price at or within a specified time — see also incentive stock option in this entry

4 :  a right of an insured to choose the form in which various payments due him or her on a policy shall be made or applied dividend option :  an option allowing the owner of a participating insurance policy and especially a life insurance policy to determine how dividends are to be paid (as in cash or by being applied as payment for additional insurance) installments–for–a–fixed–amount option :  a settlement option in which the insurer retains the policy proceeds and makes periodic payments of a fixed amount until the proceeds are exhausted —called also fixed amount option installments–for–a–fixed–period option :  a settlement option in which the policy proceeds are retained by the insurer and paid in installments over a fixed period of time —called also fixed period option interest–only option :  a settlement option in which the insurer retains the policy proceeds and makes interest payments at a guaranteed minimum rate joint–and–last–survivorship option :  an option in which the insurer makes periodic payments to two or more persons (as a husband and wife) of the proceeds or usually cash value of a policy until the death of the last survivor life income option :  a settlement option in which the insurer retains the policy proceeds and makes periodic payments for the beneficiary's life or for a specified number of years even after the beneficiary's death with payments to a different recipient nonforfeiture option \ˌnän-ˈfȯr-fə-ˌchu̇r-\ :  an option (as to surrender the policy for its cash value or convert the policy to one with a smaller face amount or to a term policy with a shorter period) available to a policyholder who has ceased paying premiums settlement option :  an option to receive payments of the proceeds of a life insurance policy other than by lump sum

:  to grant or take an option on started buying or optioning riverfront land — Rita Koselka