What does option mean?

Definitions for option
ˈɒp ʃənop·tion

Here are all the possible meanings and translations of the word option.

Princeton's WordNet

  1. optionnoun

    the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited

  2. option, alternative, choicenoun

    one of a number of things from which only one can be chosen

    "what option did I have?"; "there no other alternative"; "my only choice is to refuse"

  3. choice, selection, option, picknoun

    the act of choosing or selecting

    "your choice of colors was unfortunate"; "you can take your pick"

GCIDE

  1. Optionnoun

    (Stock Exchange) A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit; also, the contract giving that privelege; as, an option to buy a stock at a given price; to exercise an option.

    Etymology: [L. optio; akin to optare to choose, wish, optimus best, and perh. to E. apt: cf. F. option.]

Wiktionary

  1. optionnoun

    One of the choices which can be made.

    Etymology: From option, from optio, from opto. Equivalent to .

  2. optionnoun

    The freedom or right to choose.

    Etymology: From option, from optio, from opto. Equivalent to .

  3. optionnoun

    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.

    Etymology: From option, from optio, from opto. Equivalent to .

  4. optionnoun

    A button on a screen used to select an action (often "menu option")

    Etymology: From option, from optio, from opto. Equivalent to .

  5. optionverb

    To purchase an option on something.

    The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.

    Etymology: From option, from optio, from opto. Equivalent to .

Freebase

  1. Option

    In finance, an option is a contract which gives the owner the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on or before a specified date. The seller incurs a corresponding obligation to fulfill the transaction, that is to sell or buy, if the long holder elects to "exercise" the option prior to expiration. The buyer pays a premium to the seller for this right. An option which conveys the right to buy something at a specific price is called a call; an option which conveys the right to sell something at a specific price is called a put. Both are commonly traded, though in basic finance for clarity the call option is more frequently discussed, as it moves in the same direction as the underlying asset, rather than opposite, as does the put. Options valuation is a topic of ongoing research in academic and practical finance. For simplicity of discussion, the value of an option is commonly decomposed into two parts: The first of these is the "intrinsic value," which is defined as the difference between the market value of the underlying and the strike price of the given option. The second part depends on a set of other factors which, through a multi-variable, non-linear interrelationship, reflect the discounted expected value of that difference at expiration. Although options valuation has been studied at least since the nineteenth century, the contemporary approach is based on the Black–Scholes model which was first published in 1973.

Chambers 20th Century Dictionary

  1. Option

    op′shun, n. act of choosing: power of choosing or wishing: wish.—adj. Op′tional, left to one's option or choice.—adv. Op′tionally.—n. Op′tions, a mode of speculating, chiefly in stocks and shares, which is intended to limit the speculator's risk. It consists in paying a sum down for the right to put (make delivery) or call (call for delivery) a given amount of stock at a fixed future date, the price also being fixed at the time the contract is entered into.—Local option (see Local). [L. optio, optionisoptāre, to choose.]

Editors Contribution

  1. option

    Freedom or right to a choice.

    The joyful option is to marry as we love each other with all our heart and soul.

    Submitted by MaryC on January 24, 2020  

Matched Categories

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'option' in Spoken Corpus Frequency: #1944

  2. Written Corpus Frequency

    Rank popularity for the word 'option' in Written Corpus Frequency: #2058

  3. Nouns Frequency

    Rank popularity for the word 'option' in Nouns Frequency: #499

How to pronounce option?

How to say option in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of option in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of option in Pythagorean Numerology is: 8

Examples of option in a Sentence

  1. Jose Eliecer Sierra:

    Another very tempting option that people are thinking about is cattle - knocking down coffee trees and planting grass for cows.

  2. The FIA:

    The F1 Commission voted not to pursue this option at this stage -- however, it may be reassessed after the Power Unit manufacturers have presented their proposal to the Strategy Group.

  3. Kama Simonds:

    Goats are a viable alternative tool for areas where time is not an issue, machinery is not an option, vegetation is thick and deep and/or worker safety may be an issue.

  4. President Clinton:

    It is crucial to our system of justice that we demand the truth. I fear that an acquittal of this President will weaken the legal system by providing an option for those who consider being less than truthful in court.

  5. Jason Verstak:

    Most of our customers will select a more luxurious carpet option for their bedroom compared with the carpet they choose for other areas of the home.

Images & Illustrations of option

  1. optionoptionoptionoptionoption

Popularity rank by frequency of use

option#1#1313#10000

Translations for option

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    boldly resisting authority or an opposing force
    • A. defiant
    • B. occlusive
    • C. unsealed
    • D. eloquent

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