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option

 
/ˈɑp·ʃən/ n [C]

Definition

one thing that can be chosen from a set of possibilities, or the freedom to make a choice: The program helps students explore career options. An option is also a part of a contract that allows for something to happen in the future: He decided to exercise an option to break the team’s lease on the stadium.
(Definition of option n from the Cambridge Academic Content Dictionary © Cambridge University Press)

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