Dictionary
1. (n.) The power of choosing; the right of choice or election; an alternative\.

2. (n.) The exercise of the power of choice; choice.

3. (n.) A wishing; a wish.

4. (n.) 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.

5. (n.) A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit.

Thesaurus
alternate choice alternative call chance choice discretion druthers election emption first option first refusal free choice free decision free will full consent noncontingent free will opportunity optionality pleasure possible choice preemption preference prerogative privilege put put and call recourse refusal right right of emption right of preemption say say-so selection spread stock option straddle strap strip way out will and pleasure
                                                                                                                                                                                                                                       

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