Option

word

1. Noun

The power of choosing; the right of choice or election; an alternative.

2. Noun

The exercise of the power of choice; choice.

3. Noun

A wishing; a wish.

4. Noun

A right formerly belonging to an archbishop to select any one dignity or benefice in the gift of a suffragan bishop consecrated or confirmed by him, for bestowal by himself when next vacant; -- annulled by Parliament in 1845.

5. Noun

A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit.

6. Noun

one of a number of things from which only one can be chosen; "what option did I have?"; "there is no other alternative"; "my only choice is to refuse"
Vocabulary classified under Academic vocabulary

7. Noun

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
Vocabulary classified under Law

8. Noun

the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick"
Vocabulary classified under Economics
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