n. Choice; wish; preference; election.n. The power or liberty of choosing; the right or power of choice; the opportunity of electing or selecting an alternative or one of several lines of conduct; the power of deciding on a course of action: as, that is not left in my option; it is at your option to take it or leave it.n. In Eng. canon law, the right, now obsolete, which an archbishop formerly had, on consecrating a bishop, of selecting a benefice in the bishop's diocese for one of his own chaplains.n. On stock and other exchanges, a privilege, secured by the payment of a certain premium or consideration, either of calling for the delivery, orn. of making delivery, of a certain specified amount of some particular stock or kind of produce, at a specified price, and within specified limits of time.n. A wishing; a wish.n. Synonyms Option, Choice, Preference, Election. Option is the right of choice, the freedom to choose between two or more: as, “there is no option,”n. Choice is primarily the act of choosing, but, by extension, may be the same as option: as, he gave him the choice. Preference is primarily the state of mind determining the choice, and secondarily the act of choosing. Election emphasizes the leaving of some while choosing others. Choice and preference may apply to that which is chosen; the others not.