1. • noun - the right to buy or sell property at an agreed price
   • noun - one of a number of things from which only one can be chosen
   • noun - the act of choosing or selecting
2. • The act of choosing; choice.
   • The power or freedom to choose.
   • The exclusive right, usually obtained for a fee, to buy or sell something within a specified time at a set price.
   • The privilege of demanding fulfillment of a contract at a specified time.
   • A right to buy or sell specific securities or commodities at a stated price within a specified time.
   • The right of the holder of an insurance policy to specify the manner in which payments are to be made or credited to the policyholder.
   • Something chosen or available as a choice.
   • An item or a feature that may be chosen to replace or enhance standard equipment, as in a car.
   • To acquire or grant an option on: “had optioned for a film several short stories about two policemen” (Barbara Goldsmith).
   • Baseball.
3. • v - to grant an option (a right to buy or sell something at a specified price within a specified time) on

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