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OPTION (Lat. optio, choice, choosing,...

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Originally appearing in Volume V20, Page 141 of the 1911 Encyclopedia Britannica.

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OPTION (Lat. optio, choice, choosing, optare, to choose)

OPTION (See also:
LAT
Lat. optio, choice, choosing, optare, to choose) , the See also:

ACTION

action of choosing or thing chosen, choice or See also:

POWER [WILLIAM GRATTAN] TYRONE (1797-1841)

power or opportunity of making a choice. The word had a particular meaning in ecclesiastical See also:

law, where it was used of a right claimed by an See also:

ARCHBISHOP (Lat. archiepiscopus, from Gr. apxceatorcoros)

archbishop to select one See also:

BENEFICE (Lat. beneficium, benefit)

benefice from the See also:

DIOCESE (formed on Fr. diocese, in place of the Eng. form diocess—current until the 19th century—from Lat. dioecesis, med. Lat. variant diocesis, from Gr. Swucio•tc, " house-keeping," " administration," &miceas, " to keep house," " to govern ")

diocese of a newly appointed See also:

bishop, the next presentation to which would fall to his, the archbishop's, patronage. This right was abolished by various statutes in the See also:

early See also:

PART

part of the 19th See also:

CENTURY (from Lat. centuria, a division of a hundred men)

century. As a See also:

TERM

term in stock-See also:

EXCHANGE

exchange operations, " option " is used to See also:

EXPRESS (through the French from the past participle of the Lat. exprimere, to press out, by transference used of representing objects in painting or sculpture, or of thoughts, &c. in words)

express the See also:

PRIVILEGE

privilege given to conclude a bargain at some future See also:

time at an agreed-upon See also:

price (see See also:

CALL (from Anglo-Saxon ceallian, a common Teutonic word, cf. Dutch kallen, to talk or chatter)

CALL and STOCK EXCHANGE). The phrase " See also:

LOCAL

local option " has been specifically used in politics of the power given to the electorate of a particular See also:

DISTRICT

district to choose whether licences for the See also:

sale of intoxicating liquor should be granted or not. This See also:

FORM (Lat. forma)

form of "local option" has been also and more rightly termed " local See also:

VETO (Lat. for " I forbid ")

veto " (see LIQUOR See also:

LAWS

End of Article: OPTION (Lat. optio, choice, choosing, optare, to choose)

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