OPTION definition: the power or right of choosing. See examples of option used in a sentence.

choice, option, alternative, preference, selection, election mean the act or opportunity of choosing or the thing chosen. choice suggests the opportunity or privilege of choosing freely. option implies a power …

OPTION meaning: 1. one thing that can be chosen from a set of possibilities, or the freedom to make a choice: 2…. Learn more.

Dec 30, 2025 · An option is a type of financial instrument that's tied to an underlying security. Options give their buyers the right, but not the obligation, to purchase or sell the asset at a specified...

Definition of option noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

(Commerce) an exclusive opportunity, usually for a limited period, to buy something at a future date: he has a six-month option on the Canadian rights to this book.

the right, as granted in a contract or by an initial payment, of acquiring something in the future: We bought one lot and took a 90-day option on an adjoining one.