Pronunciation
/ˈɑːpʃən/
Definitions
- Noun (n): A choice or alternative that is available among several possibilities. It usually refers to one of multiple things from which one can choose. For example: “They presented us with several options for the new logo design.”
- Verb (v): To have the power or right to choose something; to make a decision about whether to do something or not. For example: “The company decided to option the film rights to the book.”
Phrases
- “Take an option” means to choose or decide on something.
- “Option out” refers to choosing not to participate in something.
- “Stock options” are contracts that give the holder the right, but not the obligation, to buy or sell a stock at a specific price within a certain time period.
Example Sentences
- Noun: “The job offer came with several attractive benefits and options for career advancement.”
- Verb: “The author chose to option his novel for a movie adaptation.”
Synonyms
- Choice
- Alternative
- Selection
- Possibility
- Pick
- Decision
- Choice-making