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  1. 1. n the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited n one of a number of things from which only one can be chosen n the act of choosing or selecting Source: ecdict

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rightactagreedbuychoosingchosendateexercisedforfeitedmoneynumberpricepropertypurchasedselectingsellstatedthings

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optionoptionaloptionalityoptionallyoptionholders

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optimizes

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