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Option

Definitions:

Noun

option

Definition: 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

option alternative choice

Definition: 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"

choice selection option pick

Definition: the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick"

Definition: One of a set of choices that can be made.

Verb

Definition: To purchase an option on something.

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