Definition, Meaning, Synonyms & Anagrams | English word OPTION

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Definitions of OPTION

1. The freedom or right to choose.
2. One of a set of choices that can be made. [from 19th c.]
3. (finance, legal) A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile. [from mid-18th c.]
4. (law, uncountable) The acquiring or retention of a nationality through personal choice as a right, bypassing selective legal mechanisms for naturalization, especially in cases where a territory is transferred or passed on from one state to another.
5. To purchase an option on something. [from 20th c.]
6. (computing, dated) To configure, by setting an option.

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Examples of Using OPTION in a Sentence

• 0 Option Pack (1996), it is included as a component of Windows Server (since the initial release of Windows 2000 Server).
• The market was predicted for 350 aircraft, and the manufacturers received up to 100 option orders from many major airlines.
• It was intended as a lower-cost CPU for use in low-end systems—selling for US$258—adapting the SX suffix of the earlier i386SX in order to connote a lower-cost option.
• The horse is still a much used transport option, especially in rural and inaccessible areas, as it does not depend on imported fuel.
• Plans for a new space fence began with sites at the Kwajalein Atoll in the Marshall Islands, along with an option for another radar site in Western Australia.
• One can replace any round of (or add a round to) a stud poker game with a twist round, in which each player is offered the option to replace exactly one card in his hand with a new one from the remaining deck stub.
• Many relational database systems are equipped with the option of using SQL (Structured Query Language) for querying and updating the database.
• Sega unveiled the 32X at the Consumer Electronics Show in June 1994, and presented it as a low-cost option for 32-bit games.
• Voters have the option to rank candidates, and their vote may be transferred according to alternative preferences if their preferred candidate is eliminated or elected with surplus votes, so that their vote is used to elect someone they prefer over others in the running.
• In World War I, Germany intermittently waged unrestricted submarine warfare against the UK: a first campaign in 1915 was abandoned after strong protests from the US but in 1917 the Germans, facing deadlock on the continent, saw no other option than to resume the campaign in February 1917.
• Volga (finance), in quantitative finance, a second order derivative of an option pricing formula versus volatility.
• Of the three V bombers produced, the Vulcan was considered the most technically advanced, hence the riskiest option.
• Salad bars are a popular dining option in many countries around the world, but they are applied in different ways depending on the local culture and cuisine.
• A redesign of the Amiga 500 Plus, it adds the option of an internal hard disk drive and a PCMCIA port.
• As entry into the Western Empire's military was a frequent option for "losers of struggles for leadership among the barbarians", Ricimer's family may have entered the service of Rome.
• Divers ("diverse"), an unrelated but similar sounding word, is a legal gender option for intersex people in Germany.
• Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object or process.
• Along with the basic central processing unit (CPU) the system could also have had a floating-point unit (the "Auxiliary Arithmetic Unit"), or a fixed-point decimal option with three six-bit decimal digits per word.
• In the UK, companies which are not listed have the option to report either under IFRS or under UK GAAP.
• In some societies and cultures, boarding schools are the most privileged educational option (such as Eton and Harrow in the UK, which have produced several prime ministers), whereas in other contexts, they serve as places to segregate children deemed a problem to their parents or wider society.
• When buyers search for a product, they will usually choose the least expensive option, and occasionally US-made items cannot compete with the pricing of goods manufactured elsewhere.
• Robert Cox Merton (born July 31, 1944) is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes–Merton model.
• A well-known example is the return to Zion, by which King Cyrus the Great granted the Jews expelled from Judah to Babylon the option to return to their ancestral homeland and rebuild Jerusalem.
• High school students attend River Valley High School in the Colorado River Union High School District and also have the option to attend the Academy of Building Industries Public Charter High School located in Fort Mohave, Arizona, or the Aha Macav High School on the Fort Mojave Indian Reservation.
• Shortly after the repeal of Prohibition in the United States, in June 1935, Greeley voters, by a majority of 356 votes, voted in the local option election to make Greeley "dry" and prohibit the sale, manufacture, transportation, or possession of liquor in the city limits of Greeley.

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