Option - Definition
option
n 1: the right to buy or sell property at an agreed price; the
right is purchased and if it is not exercised by a stated
date the money is forfeited
2: one of a number of things from which only one can be chosen;
"what option did I have?"; "there no other alternative"; "my
only choice is to refuse" [syn: option, alternative,
choice]
3: the act of choosing or selecting; "your choice of colors was
unfortunate"; "you can take your pick" [syn: choice,
selection, option, pick]