OPTION definition: the power or right of choosing. See examples of option used in a sentence.

choice, option, alternative, preference, selection, election mean the act or opportunity of choosing or the thing chosen. choice suggests the opportunity or privilege of choosing freely. option implies a power …

Dec 30, 2025 · An option is a type of financial instrument that's tied to an underlying security. Options give their buyers the right, but not the obligation, to purchase or sell the asset at a specified...

OPTION definition: 1. one thing that can be chosen from a set of possibilities, or the freedom to make a choice: 2…. Learn more.

Definition of option noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

(Commerce) an exclusive opportunity, usually for a limited period, to buy something at a future date: he has a six-month option on the Canadian rights to this book.

In business, an option is an agreement or contract that gives someone the right to buy or sell something such as property or shares at a future date.