r·Word RadicalsLATIN & GREEK

English dictionary · noun

option

One of a set of choices that can be made.

Meaning and definitions

  1. One of a set of choices that can be made.
  2. The freedom or right to choose.
  3. A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile.

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Source: Wiktionary entry and revision history. Dictionary text is adapted from Wiktionary under CC BY-SA 4.0. Definitions are selected and reformatted; root links are curated by Word Radicals. Read about sources and limitations.