option
Concise Oxford English Dictionary © 2008 Oxford University Press:
option/ˈɒpʃn/
▶noun
- 1 a thing that is or may be chosen.
■ the freedom or right to choose.
- 2 a right to buy or sell a particular thing at a specified price within a set time.
– phrases
keep (or leave) one's options open not commit oneself.
keep (or leave) one's options open not commit oneself.
– origin C16: from Fr., or from L. optio(n-), from the stem of optare ‘choose’.
'option' also found in these Oxford entries:
adopt
- bet
- call option
- co-opt
- default
- derivative
- exercise price
- fait accompli
- icon
- local option
- nuclear option
- put option
- share option
- skive
- stock option
- strike price
- swaption
- third way
- traded option
- zero option

