options JUST WRITTEN FOR YOU
/ˈɒpʃənz/ · op·shənz
noun
- One of a set of choices that can be made. The restaurant menu offered several options for dessert.
- The freedom or right to choose. The new policy gives employees the option to work from home.
- A contract giving the holder the right to buy or sell an asset at a set strike price. The investor purchased an option to buy the stock at a lower price.
verb
- To purchase an option on something. The film studio optioned the novel for a potential movie adaptation.
- To configure, by setting an option. You can option the new software to run in stealth mode.
Did you know? The term 'option' is commonly used in finance to describe a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a set price.