From Nordan Symposia
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Options up.jpg


b : a privilege of demanding fulfillment of a contract on any day within a specified time
c : a contract conveying a right to buy or sell designated securities, commodities, or property interest at a specified price during a stipulated period; also : the right conveyed by an option
d : a right of an insured person to choose the form in which payments due on a policy shall be made or applied
  • 3 : something that may be chosen: as a : an alternative course of action <didn't have many options open>
b : an item that is offered in addition to or in place of standard equipment
  • 4 : an offensive football play in which a back may choose whether to pass or run with the ball —called also option play