January 29th - Word of the Day - Option
op·tion
[op-shuh’n]
noun
1. the power or right of choosing.
2.
something that may be or is chosen; choice.
3.
the act of choosing.
4.
an item of equipment or a feature that may be chosen as an addition to or replacement for standard equipment and features:
a car with a long list of extra-cost options; a telephoto lens option for a camera.
6.
a privilege acquired, as by the payment of a premium or consideration, of demanding, within a specified time, the carrying out of a transaction upon stipulated terms; the right, as granted in a contract or by an initial payment, of acquiring something in the future:
We bought one lot and took a 90-day option on an adjoining one.
7.
Football .
a play in
which a back has a choice of either passing or running with the ball.
verb (used with object)
8. to acquire or grant an option on: The studio has optioned his latest novel for film adaptation.
8. to acquire or grant an option on: The studio has optioned his latest novel for film adaptation.