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Definition of: option
(op′shən) noun
1. The right, power, or liberty of choosing; discretion; the exercise of such right, power, or liberty.
2. The purchased privilege of either buying or selling something at a specified price within a specified time.
3. A thing that is or can be chosen. See synonyms under ALTERNATIVE. [<MF <L optio, -onis <optare choose]
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