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“option”
1. The act of choosing or the freedom to make a choice between two or more things: Mark told his two boys that they had the option to stay home or to go with him to the grocery store.
2. The right to buy or to sell something for a specified price and during an indicated period of time: Employees of Henry's company will each be granted options to purchase a thousand shares of company stock next week.
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2. The right to buy or to sell something for a specified price and during an indicated period of time: Employees of Henry's company will each be granted options to purchase a thousand shares of company stock next week.
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This entry is located in the following unit:
English Words in Action, Group O
(page 1)