Meaning of the word option in English

What does option mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

option

US /ˈɑːp.ʃən/
UK /ˈɑːp.ʃən/
"option" picture

Noun

1.

a thing that is or may be chosen

Example:
You have two options: stay or leave.
Choosing the right career path is a big option.
2.

the right to buy or sell something at a specified price within a set period

Example:
He bought an option to purchase the land.
Stock options are a common form of employee compensation.
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