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option - definition and synonyms


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noun [countable]     option pronunciation in British English
Word Forms
  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 walking there or going by 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.

    1. a.
      an extra feature on a new product such as a car that you can choose to add when you buy it
    2. b.
      one of a range of things that you can choose to do when you are using a computer program

      Choose the ‘save’ option from the File menu.

    3. c.
      British any course that a student can choose to take, in addition to the courses that they must take
  2. 2
    business the right to buy or sell something in the future, for example property or stock in a company
    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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a description of an economic or political situation based on analysis of information at the present time

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an unregulated form of capitalism that features financial deregulation, privatisation and low tax for high earners

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