option meaning and definition

OPTION noun

Definition of option (noun)

1. 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
2. one of a number of things from which only one can be chosen
   • "what option did I have?"; "there no other alternative"; "my only choice is to refuse"
   • synonyms: alternative, choice
3. the act of choosing or selecting
   • "your choice of colors was unfortunate"; "you can take your pick"
   • synonyms: choice, pick, selection