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option

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noun [countable] American English pronunciation: option /ˈɑpʃ(ə)n/ 
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singularoption
pluraloptions

Related dictionary definitions

  1. 1
    something that you can choose in a particular situation

    We've discussed all the marketing options and decided to go for television advertising.

    option for:

    We have three different options for financing the house.

    the option of doing something:

    You have the option of bicycling or taking the bus.

    have no option but to do something:

    She had no option but to admit the truth.

    a viable option (=one that is likely to succeed):

    Terrorist leaders concluded that armed resistance was no longer a viable option.

  2. 2
    business the right to buy or sell something in the future, for example property or stock in a company

    stock options

    option on:

    The airline has ordered 16 aircraft and has options on another 29.

    the option to do something:

    If one partner dies, the others have the option to buy back their shares.

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