Definition of OPTION

noun : OPTION

Source: WordNet 3.1

  • 1. (

    ) 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. (

    ) one of a number of things from which only one can be chosen; "what option did I have?"; "there is no other alternative"; "my only choice is to refuse" ;

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