Option \Op"tion\, n. [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.
[1913 Webster]
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.
[1913 Webster]
2. The exercise of the power of choice; choice.
[1913 Webster]
Transplantation must proceed from the option of the
people, else it sounds like an exile. --Bacon.
[1913 Webster]
3. A wishing; a wish. [Obs.] --Bp. Hall.
[1913 Webster]
4. (Ch. of Eng.) 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.
[1913 Webster]
5. (Stock Exchange) A stipulated privilege, given to a party
in a time contract, of demanding its fulfillment on any
day within a specified limit; also, the contract giving
that privelege; as, an option to buy a stock at a given
price; to exercise an option.
[1913 Webster +PJC]
Note: A person owning a stock may sell to another person an
option or right to buy that stock at some specified
price within a specified period of time, and in return
will get a premium in consideration for giving the
option. If the option price (the strike price) is above
the market value for the entire period in which the
option is valid, the option is typically not exercised,
and expires with no need on the part of the stock owner
to transfer the actual stock itself. If however the
stock price rises above the option price, the holder of
the option may exercise the option, and buy the stock
at the specificed price, and may in turn resell the
stock at the current market value, perhaps making a net
profit on the transaction. The original holder of the
stock will receive, in addition to the price at which
the stock is sold, the price of the option, and will
generally receive more money than if the stock itself
were sold at the time that the option was sold. The
actual profits for the transaction will depend on the
fees that brokers charge for conducting the sales of
options and stocks.
[PJC]
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.
[1913 Webster]
Syn: Choice; preference; selection.
Usage: Option, Choice. Choice is an act of choosing;
option often means liberty to choose, and implies
freedom from constraint in the act of choosing.
[1913 Webster]
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Local \Lo"cal\ (l[=o]"kal), a. [L. localis, fr. locus place: cf.
F. local. See Lieu, Locus.]
Of or pertaining to a particular place, or to a definite
region or portion of space; restricted to one place or
region; as, a local custom.
[1913 Webster]
Gives to airy nothing
A local habitation and a name. --Shak.
[1913 Webster]
Local actions (Law), actions such as must be brought in a
particular county, where the cause arises; --
distinguished from transitory actions.
Local affection (Med.), a disease or ailment confined to a
particular part or organ, and not directly affecting the
system.
Local attraction (Magnetism), an attraction near a compass,
causing its needle to deviate from its proper direction,
especially on shipboard.
Local battery (Teleg.), the battery which actuates the
recording instruments of a telegraphic station, as
distinguished from the battery furnishing a current for
the line.
Local circuit (Teleg.), the circuit of the local battery.
Local color.
(a) (Paint.) The color which belongs to an object, and is not
caused by accidental influences, as of reflection,
shadow, etc.
(b) (Literature) Peculiarities of the place and its
inhabitants where the scene of an action or story is
laid.
Local option, the right or obligation of determining by
popular vote within certain districts, as in each county,
city, or town, whether the sale of alcoholic beverages
within the district shall be allowed.
[1913 Webster]
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Local option oLocal option oLcal option LoLcal option ocal option LLocal option Lcoal option Locoal option Lcal option Loocal option Loacl option Locacl option Loal option Loccal option Locla option Locala option Locl option Locaal option Loca loption Local loption Loca option Locall option Localo ption Local o ption Localoption Local option Local potion Local opotion Local ption Local ooption Local otpion Local optpion Local otion Local opption Local opiton Local optiton Local opion Local opttion Local optoin Local optioin Local opton Local optiion Local optino Local optiono Local optin Local optioon Local optinon Local optio Local optionn iocal option liocal option ilocal option oocal option loocal option olocal option pocal option lpocal option plocal option kocal option lkocal option klocal option ,ocal option l,ocal option ,local option .ocal option l.ocal option .local option L9cal option Lo9cal option L9ocal option L(cal option Lo(cal option L(ocal option L0cal option Lo0cal option L0ocal option Lical option Loical option Liocal option Lpcal option Lopcal option Lpocal option Lkcal option Lokcal option Lkocal option Llcal option Lolcal option Llocal option Lacal option Lecal option Lucal option Losal option Locsal option Loscal option Lodal option Locdal option Lodcal option Lofal option Locfal option Lofcal option Loxal option Locxal option Loxcal option Loval option Locval option Lovcal option Lo al option Loc al option Lo cal option Locql option Locaql option Locqal option Locwl option Locawl option Locwal option Locsl option Locasl option Locsal option Locxl option Locaxl option Locxal option Loczl option Locazl option Loczal option Loc l option Loca l option Loc al option Locel option Locil option Locol option Locul option Locai option Locali option Locail option Locao option Localo option Locaol option Locap option Localp option Locapl option Locak option Localk option Locakl option Loca, option Local, option Loca,l option Loca. option Local. option Loca.l option Local 9ption Local o9ption Local 9option Local (ption Local o(ption Local (option Local 0ption Local o0ption Local 0option Local iption Local oiption Local ioption Local pption Local opption Local poption Local kption Local okption Local koption Local lption Local olption Local loption Local aption Local eption Local uption Local o0tion Local op0tion Local o0ption Local o)tion Local op)tion Local o)ption Local ootion Local opotion Local ooption Local oltion Local opltion Local olption Local op5ion Local opt5ion Local op5tion Local op%ion Local opt%ion Local op%tion Local op6ion Local opt6ion Local op6tion Local oprion Local optrion Local oprtion Local opyion Local optyion Local opytion Local opfion Local optfion Local opftion Local opgion Local optgion Local opgtion Local ophion Local opthion Local ophtion Local opt8on Local opti8on Local opt8ion Local opt*on Local opti*on Local opt*ion Local opt9on Local opti9on Local opt9ion Local optuon Local optiuon Local optuion Local optoon Local optioon Local optoion Local optjon Local optijon Local optjion Local optkon Local optikon Local optkion Local optlon Local optilon Local optlion Local optaon Local opteon Local opti9n Local optio9n Local opti9on Local opti(n Local optio(n Local opti(on Local opti0n Local optio0n Local opti0on Local optiin Local optioin Local optiion Local optipn Local optiopn Local optipon Local optikn Local optiokn Local optikon Local optiln Local optioln Local optilon Local optian Local optien Local optiun Local optiog Local optiong Local optiogn Local optioh Local optionh Local optiohn Local optioj Local optionj Local optiojn Local optiob Local optionb Local optiobn Local optiom Local optionm Local optiomn Local optio Local option Local optio n Definition commonly spelled as: Defanition or Defenition, Synonym as: Synonim, Sinonym or Sinonim, Thesaurus as: Thesorus or Thesauris, Dictionary as: Dictionery or Dictionry and Define is usually not misspelled. What does mispell meen? It Meens...
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