option

n. விருப்பம், விருப்பத்தேர்வு, தெரிந்தெடுப்புரிமை, தெரிந்தெடுக்கப்பட்டது, தெரிந்தெடுக்கப்படக்கூடியது, விருப்பம் தெரிவிக்கும் உரிமை, பங்குமாற்று முதலியவற்றின் வகையில் வரையறுத்த காலத்துக்குள் விருப்பம்போல் குறிப்பிட்ட விலைக்கு வாங்குவதற்கான உரிமை.

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Op"tion, n. Etym: [L. optio; akin to optare to choose, wish, optimus best, and perh. to E. apt: cf. F. option.] 1. The power of choosing; the right of choice or election; an alternative. There is an option left to the United States of America, whether they will be respectable and prosperous, or contemptible and miserable, as a nation. Washington. 2. The exercise of the power of choice; choice. Transplantation must proceed from the option of the people, else it sounds like an exile. Bacon. 3. A wishing; a wish. [Obs.] Bp. Hall. 4. (Ch. of Eng.) Defn: A right formerly belonging to an archbishop to select any one dignity or benefice in the gift of a suffragan bishop consecrated or confirmed by him, for bestowal by himself when next vacant; -- annulled by Parliament in 1845. 5. (Stock Exchange) Defn: A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit. Buyer's option, an option allowed to one who contracts to buy stocks at a certain future date and at a certain price, to demand the delivery of the stock (giving one day's notice) at any previous time at the market price. -- Seller's option, an option allowed to one who contracts to deliver stock art a certain price on a certain future date, to deliver it (giving one day's notice) at any previous time at the market price. Such options are privileges for which a consideration is paid. -- Local option. See under Local. Syn. -- Choice; preference; selection. -- Option, Choice. Choice is an act of choosing; option often means liberty to choose, and implies freedom from constraint in the act of choosing.