Privilege vs Option - What's the difference?
privilege | option |
A peculiar benefit, advantage, or favor; a right or immunity not enjoyed by others or by all; special enjoyment of a good, or exemption from an evil or burden; a prerogative; advantage; franchise; preferential treatment.
The status or existence of such benefit or advantage.
(legal) A common law doctrine that protects certain communications from being used as evidence in court.
(finance) A call, put, spread, or other option.
(computing) An ability to perform an action on the system that can be selectively granted or denied to users; permission.
(archaic) To grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize; as, to privilege representatives from arrest.
(archaic) To bring or put into a condition of privilege or exemption from evil or danger; to exempt; to deliver.
One of the choices which can be made.
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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")
To purchase an option on something.
In finance terms the difference between privilege and option
is that privilege is a call, put, spread, or other option while option is 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.As nouns the difference between privilege and option
is that privilege is a peculiar benefit, advantage, or favor; a right or immunity not enjoyed by others or by all; special enjoyment of a good, or exemption from an evil or burden; a prerogative; advantage; franchise; preferential treatment while option is one of the choices which can be made.As verbs the difference between privilege and option
is that privilege is to grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize; as, to privilege representatives from arrest while option is to purchase an option on something.privilege
Alternative forms
* priviledg (obsolete) * priviledge (obsolete)Noun
(en noun)- All first-year professors here must teach four courses a term, yet you're only teaching one! What entitled you to such a privilege ?
- In order to advance racial equality in the United States, what we've got to do is reduce white privilege .
- ''Your honor, my client is not required to answer that; her response is protected by attorney-client privilege .
Synonyms
* prerogative, immunity, freelage, franchise, right, claim, liberty, advantage, foredealDerived terms
* cisprivilegeVerb
(privileg)option
English
(wikipedia option)Noun
(en noun)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.}}
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.}}
Synonyms
* alternative * choice * possibility * See alsoHyponyms
* (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, warrantDerived terms
* optionable * optional * stock optionVerb
(en verb)- The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.