option
| 1. |
(noun) an alternative action; "what option did I have?" or "there no other alternative" or "my only choice is to refuse" |
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Synonyms: alternative, choice |
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Related Words: Hobson's choice, deciding, decision making, default, default option, druthers, impossibility, impossible action, obverse, opening, possibility, possible action, preference |
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| 2. |
(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 |
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Related Words: call, call option, covered option, derivative, derivative instrument, incentive option, incentive stock option, lock-up option, naked option, put, put option, stock option, straddle |
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