Definition & Meaning of "option"

Option

the act, right, or ability of choosing something

something that can or may be chosen from a number of alternatives

a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time frame

Example

Investments in technology are opening up options for remote work and flexible schedules.

The family sought palliative options for their loved one.

The bakery offered gluten-free options for customers with dietary restrictions.

The store offers several options for gluten-free products.

The company offers multiple options for their subscription plans.

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