A contract giving one party the right to dosomething within a designated period withoutobligation. Compare: Right of First Refusal.
Merriam-Webster Online Dictionary
option (noun)1.
an act of choosing
2.
a) the power or right to choose freedom of choice
b) a privilege of demanding fulfillment of a contract on any day within a specified time
c) a contract conveying a right to buy or sell designated securities, commodities, or property interest at a specified price during a stipulated period , also the right conveyed by an option
d) a right of an insured person to choose the form in which payments due on a policy shall be made or applied
3.
something that may be chosen as
a) an alternative course of action - didn't have many options open
b) an item that is offered in addition to or in place of standard equipment
4.
an offensive football play in which a back may choose whether to pass or run with the ball - called also option play choice
transitive verb
1.
to grant or take an option on
2.
to acquire the exclusive right to use (an author's work) as the basis for a motion picture - the studio optioned the novel for a film
Merriam-Webster Online Thesaurus
option (noun)1.
something that is not necessary in itself but adds to the convenience or performance of the main piece of equipment
SYNONYMS:
accoutrement ( accouterment), adapter ( adaptor), add-on, adjunct, appendage, appliance, attachment, optionRELATED WORDS:
accompaniment, additive, complement, supplement; auxiliary, subsidiary; amenity, doodad, embroidery, extra, filler, frill, incidental, luxury, nonessential, nonnecessity; appurtenances, bells and whistles, equipment, furnishings, habiliment(s), paraphernalia, trappings; adornment, decoration, embellishment, enhancement, garnish, ornament, trim, trimmingNEAR ANTONYMS:
essential, necessity, requirement, requisite2.
the power, right, or opportunity to choose
SYNONYMS:
alternative, discretion, druthers, election, liberty, option, pick, preference, selection, volition, wayRELATED WORDS:
determination, free will, will; say, voice, vote; inclination, liking, partiality, penchant, predilection, proclivity, propensity, tendency; discernment, judgment ( judgement), perspicacityNEAR ANTONYMS:
coercion, duress, force; duty, obligation; Hobson's choice
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