- The power of choosing; the right of choice or election; an
alternative. - The exercise of the power of choice; choice. - A wishing; a wish. - A right formerly belonging to an archbishop to select any
one dignity or benefice in the gift of a suffragan bishop consecrated
or confirmed by him, for bestowal by himself when next vacant; --
annulled by Parliament in 1845. - A stipulated privilege, given to a party in a time
contract, of demanding its fulfillment on any day within a specified
limit.
Meaning of 'option' (Princeton's WordNet)
1 . option
[ n]
Meaning (1): - one of a number of things from which only one can be chosen
Stock option The purchased right to buy or sell shares of stock at a predetermined price within a specified time period. If the stock price goes up,
Non qualifying options Non qualifying options are employee stock options that are taxable to the employee on exercises and tax deductible to the issuing corporation. Generally ...
Weather option Weather option provides a payment if a specified weather contingency (e.g., temperatures higher or lower than normal) occurs.
Settlement options Settlement options ways in which life insurance policy proceeds can be paid other than in a lump sum, including interest, fixed period,
Life income option Life income option is a life insurance settlement option in which the policy proceeds are paid during the lifetime of the beneficiary. A certain number of guaranteed payments may also be payable.
Insurance option Insurance option is an option that derives value from specific insurable losses or from an index of values.
Guaranteed purchase option Guaranteed purchase option refers benefit that can be added to a life insurance policy permitting the insured to purchase additional
Fixed-period option Fixed-period option is a life insurance settlement option in which the policy proceeds are paid out over a fixed
Fixed-amount option Fixed-amount option is a life insurance settlement option in which the policy proceeds are paid out in fixed amounts.
Basket options Basket options are packages that involve the exchange of more than two currencies against a base currency at expiration. The basket option buyer purchases the right, but not the obligation, to receive designated currencies in exchange for a base currency, either at the prevailing foreign exchange market rate or at a prearranged rate of