option to buy
Definition of option to buy
: a right to buy (something) in the future for a specified price The ad is for a condo to rent with an option to buy.
Word by Word Definitions
: an act of choosing
: the power or right to choose : freedom of choice
: a privilege of demanding fulfillment of a contract on any day within a specified time
: 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
: to acquire possession, ownership, or rights to the use or services of by payment especially of money : purchase
: to obtain in exchange for something often at a sacrifice
: something of value at a favorable price
: an act of acquiring possession, ownership, or rights to the use or services of something by payment especially of money : an act of buying (see 1buy 1) : purchase
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