Definition of Option 1. The right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited Noun 2. One of a number of things from which only one can be chosen Noun 3. The act of choosing or selecting Noun Synonyms for word "option" Semanticaly linked words with "option" Hyponims for word "option" Lexical Analysis for "option" opt select as an alternative over another etymology optionaire etymology optionary etymology optionlike etymology preoption etymology suboption etymology swaption etymology אופציה [Hebrew] etymologically related opt etymologically related optimal etymologically related optimise etymologically related optimism etymologically related optimist etymologically related optimistic etymologically related optimize etymologically related optional etymologically related optionality etymological origin of option [French] is derived from optionable is derived from optional is derived from optioned is derived from optioning is derived from options is derived from stock option