taken an option on

Definition of taken an option on

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

Word by Word Definitions

  1. : past participle oftake

  1. :  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

  1. :  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

Seen and Heard

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a trip made at another's expense

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