| \ ˈäp-shən
: an act of choosing
hard to make an option between such alternatives
: the power or right to choose : freedom of choice
He has the option to cancel the deal.
: a privilege of demanding fulfillment of a contract on any day within a specified time
: a contract conveying a right to buy or sell designated securities, commodities, or property interest at a specified price during a stipulated period
: the right conveyed by an option
The ad is for a condo to rent with an option to buy.
: a right of an insured person to choose the form in which payments due on a policy shall be made or applied
: something that may be chosen: such as
: an alternative course of action
didn't have many options open
: an item that is offered in addition to or in place of standard equipment
A sunroof is one of the options that you can get with the car.
: an offensive football play in which a back (see back entry 1 sense 3) may choose whether to pass or run with the ball
— called also
optioned; optioning; options
: to grant or take an option on
: 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