option
nounThe act of choosing; choice.
nounThe power or freedom to choose.
nounThe right, usually obtained for a fee, to buy or sell an asset within a specified time at a set price.
nounA contract or financial instrument granting such a right.
nounThe right to make a movie adaptation of a literary work or play.
nounThe 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.
nounSomething chosen or available as a choice. synonym: choice.
nounAn item or feature that may be chosen to replace or enhance standard equipment, as in a car.
nounAn 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.