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Chance vs Option - What's the difference?

chance | option |

As nouns the difference between chance and option

is that chance is an opportunity or possibility while option is one of the choices which can be made.

As verbs the difference between chance and option

is that chance is to happen by chance, to occur while option is to purchase an option on something.

As an adjective chance

is happening by chance, casual.

As a proper noun Chance

is a given name derived from English, an American pet form of Chauncey, in modern usage also associated with the word chance.

chance

English

Alternative forms

* chaunce (obsolete)

Noun

(en noun)
  • (countable) An opportunity or possibility.
  • *
    • , title=(The Celebrity), chapter=2 , passage=Here was my chance . I took the old man aside, and two or three glasses of Old Crow launched him into reminiscence.}}
  • (uncountable) Random occurrence; luck.
  • (countable) The probability of something happening.

    • Derived terms

    (Terms derived from the noun "chance") * Buckley's chance * by chance * chance'd be a fine thing * chance fracture * chance-medley * chancer * chances are * chancy * Chinaman's chance * dog's chance * even chance * fair chance * fat chance * fighting chance * first-chance exception * game of chance * half a chance * happy chance * in with a chance * jump at the chance * last chance * last chance saloon * main chance * mum chance * not a chance * off chance/off-chance * outside chance * perchance * slim chance * smart chance * snowball's chance * snowball's chance in hell * sporting chance * stand a chance

    Verb

    (chanc)
  • (archaic) To happen by chance, to occur.
    • It chanced that I found a solution the very next day.
  • * Bible, Deuteronomy xxii. 6
    • if a bird's nest chance to be before thee
  • * Shakespeare
    • I chanced on this letter.
  • * 1843 , (Thomas Carlyle), '', book 2, ch. XV, ''Practical — Devotional
    • Once it chanced that Geoffrey Riddell (Bishop of Ely), a Prelate rather troublesome to (w), made a request of him for timber from his woods towards certain edifices going on at (Glemsford).
  • * 1847 , , (Jane Eyre), Chapter XVIII
    • Mr. Mason, shivering as some one chanced to open the door, asked for more coal to be put on the fire, which had burnt out its flame, though its mass of cinder still shone hot and red. The footman who brought the coal, in going out, stopped near Mr. Eshton's chair, and said something to him in a low voice, of which I heard only the words, "old woman,"—"quite troublesome."
  • (archaic) To befall; to happen to.
  • * 1826 , William Lambarde, A Perambulation of Kent
  • To try or risk.
    • Shall we carry the umbrella, or chance a rainstorm?
  • * W. D. Howells
    • Come what will, I will chance it.
  • To discover something by chance.
    • He chanced upon a kindly stranger who showed him the way.

    Derived terms

    * (l) * * (l)

    Adjective

    (en adjective)
  • (rare) Happening]] by [[#Noun, chance, casual.
  • * 1859 , (Charles Dickens), (A Tale of Two Cities)'', ch. VI, ''The Shoe Maker (Heron Book Centenial Edition)
    • No crowd was about the door; no people were discernible at any of the many windows; not even a chance passer-by was in the street. An unnatural silence and desertion reigned there.

    References

    * *

    Statistics

    * 1000 English basic words ----

    option

    English

    (wikipedia option)

    Noun

    (en noun)
  • One of the choices which can be made.
  • * {{quote-news
    • , year=2011 , date=October 23 , author=Becky Ashton , title=QPR 1 - 0 Chelsea , work=BBC Sport citation , page= , passage=Luiz struggled with the movement of Helguson in the box, as he collected a long ball and the Spaniard barged him over, leaving referee Chris Foy little option but to point to the spot.}}
  • * {{quote-magazine, date=2012-01
    • , author=Steven Sloman , title=The Battle Between Intuition and Deliberation , volume=100, issue=1, page=74 , magazine= citation , passage=Libertarian paternalism is the view that, because the way options' are presented to citizens affects what they choose, society should present ' options in a way that “nudges” our intuitive selves to make choices that are more consistent with what our more deliberative selves would have chosen if they were in control.}}
  • The freedom or right to choose.
  • (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.
  • (graphical user interface) A button on a screen used to select an action (often "menu option")

    • Synonyms

    * alternative * choice * possibility * See also

    Hyponyms

    * (finance) (A contract giving the holder the right to buy or sell an asset) American option, Bermudan option, European option, call option or call, put option or put, warrant

    Derived terms

    * optionable * optional * stock option

    Related terms

    * opt * optimal * optimise, optimize * optimism * optimist * optimistic

    Verb

    (en verb)
  • To purchase an option on something.
    • The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.

    External links

    * *

    Anagrams

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