What does option mean or Definition?

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List of meaning for option

option(noun)

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

option, alternative, choice(noun)

one of a number of things from which only one can be chosen

"what option did I have?"; "there no other alternative"; "my only choice is to refuse"

choice, selection, option, pick(noun)

the act of choosing or selecting

"your choice of colors was unfortunate"; "you can take your pick"

something that is not necessary in itself but adds to the convenience or performance of the main piece of equipment

a slew of options that would add several thousand dollars to the base price of the car

the power, right, or opportunity to choose

you will have the option to select one of several quite different health insurance plans

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