option
n//ˈɑpʃən//val, alternativ, valmöjlighet, option (handel), option
One of a set of choices that can be made. [from 19th c.]
(finance, legal) A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile. [from mid-18th c.]