Dictionary
option
Meaning
-
- One of a set of choices that can be made.
- The freedom or right to choose.
- 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.
- The acquiring or retention of a nationality through personal choice as a right, bypassing selective legal mechanisms for naturalization, especially in cases where a territory is transferred or passed on from one state to another.
Pronounced as (IPA)
/ˈɒpʃən/
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