option

noun

The act of choosing; choice.

noun

The power or freedom to choose.

noun

The right, usually obtained for a fee, to buy or sell an asset within a specified time at a set price.

noun

A contract or financial instrument granting such a right.

noun

The right to make a movie adaptation of a literary work or play.

noun

The right of a major-league team to transfer a player to a minor-league team while being able to recall the player within a specified period.

noun

Something chosen or available as a choice. synonym: choice.

noun

An item or feature that may be chosen to replace or enhance standard equipment, as in a car.

noun

An offensive play in which a back, usually the quarterback, decides during the play whether to run with the ball, throw a pass, or make a lateral, depending on the actions of the defense.