option

  1. Noun.  One of the choices which can be made.
  2. Noun.  The freedom or right to choose.
  3. Noun.  (finance) A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile.
  4. Noun.  (context, graphical user interface) A button on a screen used to select an action (often "menu option").
  5. Verb.  To purchase an option on something.

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This entry was last updated on RefTopia from its source on 3/20/2012.