ETYM Latin optio; akin to optare to choose, wish, optimus best, and perh. to Eng. apt: cf. French option.
1. An alternative action; SYN. alternative, choice.
2. 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.
In business, a contract giving the owner the right (as opposed to the obligation, as with futures contracts; see futures trading) to buy or sell a specific quantity of a particular commodity or currency at a future date and at an agreed price, in return for a premium. The buyer or seller can decide not to exercise the option if it would prove disadvantageous. + prikaži više

1. The judicial principle asserting the supremacy of federal over state legislation on the same subject.
2. The right of a government to seize or appropriate something (as property).
3. The right to purchase something in advance of others.
4. First right to purchase; appropriation.