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Meaning of “option” in the English Dictionary

"option" in British English

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optionnoun

uk   /ˈɒp.ʃən/  us   /ˈɑːp.ʃən/
B1 [C or U] one thing that can be ​chosen from a set of ​possibilities, or the ​freedom to make a ​choice: The ​best option would be to ​cancel the ​tripaltogether. There are ​various options open to someone who is ​willing to ​work hard. They didn't ​leave him much option - either he ​paid or they'd ​beat him up.
[C] specialized finance & economics the ​right to ​buy something in the ​future: UK a ​share optionUS a ​stock option The ​publishersdecided not to take up ​their option on the ​paperbackversion.
have no option (but to do something)
C1 to have to do a ​particular thing because there is no ​possibility of doing anything ​else: After her ​appallingbehaviour, we had no option but to ​dismiss her.

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(Definition of option from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"option" in American English

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optionnoun [C]

 us   /ˈɑp·ʃən/
one thing that can be ​chosen from a set of ​possibilities, or the ​freedom to make a ​choice: The ​programhelpsstudentsexplorecareer 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 from the Cambridge Academic Content Dictionary © Cambridge University Press)

"option" in Business English

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optionnoun

uk   us   /ˈɒpʃən/
[C or U] one of a ​number of choices or decisions you can make, or the ​ability or freedom to choose what you do: You need to ​think very carefully about the various options. Our options ​look fairly ​limited at the moment.have the option of doing sth Insurance policyholders with the ​company have the option of ​waiving the ​excess altogether.have the option to do sth Customers have the option to ​cancel the ​contract within 21 days.explore/review/look at the options WTO ​members are ​reviewing options for ​improvingmarketaccess for the least-developed countries.assess/consider/weigh the options The ​board will take its ​time in ​weighing the ​available options.not be an option If ​telecommuting isn't an option, ​firms can ​offer their ​employees more ​flexibleworkingschedules.have no/little option (but to) In ​order to ​compete, we have no option but to ​cutprices.
[C] FINANCE, STOCK MARKET an ​agreement that can be ​bought and ​sold, that gives the ​owner the ​right to decide whether to ​buy or ​sellshares, ​bonds, etc. for a ​fixedprice within an ​agreedtimeperiod or on a particular ​date: share/stock option I took the ​job because they were ​offering good ​healthcare and ​stock options.exercise an option (to do sth) We ​acquired the ​right to own a 100% ​interest in the ​company, and we expect to ​exercise that option. The ​phonecompany could ​exercise their option to ​sellpart of their ​stake in Verizon.an option on sth She has options on about 448,000 ​shares.
[C] FINANCE, COMMERCE an ​agreement in which a ​companybuys a ​product from another ​company and has the ​right to ​buy more of that ​product later, but does not have to do so: take an option (on/for sth) The ​airline also said it ​plans to take options on three of the 777-200 jets.
[C] COMMERCE, MARKETING something that is ​added, at ​extracost, to a basic ​product or ​service to make it more attractive, ​efficient, etc.: Options such as metallic paint and leather ​seatsincrease the ​price of the ​car considerably.
[C] IT one in a ​list of possible ​actions that appears on a ​computerscreen when you ​click on a ​button: Click on "File" to see the ​list of options.
[C] COMMUNICATIONS one of a set of ​numbered choices that you are given on the ​phone when you ​call a ​company or ​organization, that ​allow you to choose which ​person, ​department, etc. you want to speak to: Listen carefully and choose from one of the ​following options.
keep your options open
to wait before making a decision to make sure that you know all the choices that are ​available to you: Better ​offers are becoming ​available all the ​time, so you should ​keep your options ​open.
(Definition of option from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “option”
in Korean 선택…
in Arabic خَيار…
in Malaysian pilihan…
in French choix…
in Russian выбор, предмет выбора…
in Chinese (Traditional) 選擇,選項, 選擇權, 期權…
in Italian opzione…
in Turkish seçenek, alternatif…
in Polish opcja, możliwość…
in Spanish opción…
in Vietnamese sự lựa chọn…
in Portuguese opção…
in Thai ทางเลือก…
in German (freie) Wahl…
in Catalan opció…
in Japanese 選択(権)…
in Chinese (Simplified) 选择,选项, 选择权, 期权…
in Indonesian pilihan…
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“option” in Business English

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