taken an option on

idiom

Definition of taken an option on

: to obtain the right to buy (something) at a particular price The company has taken an option on some land nearby.

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“Taken an option on.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/taken%20an%20option%20on. Accessed 10 Jul. 2020.

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