Definition & Meaning of "option"in English

Option

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

Grammatical Information

animacy status

abstract

Composition

Simple

countable

plural form

options

Examples

You have the option to choose between different colors for your new car.

the action of choosing or making a selection

Examples

After much thought, she finally exercised her option to stay.

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

Examples

Traders may purchase options on commodities like gold or oil as a way to gain exposure to these markets without owning the physical assets.

Lexical Tree

optional

option

opt

Nearby Words

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