Option vs. Warrant — What's the Difference?

A thing that is or may be chosen

A document issued by a legal or government official authorizing the police or another body to make an arrest, search premises, or carry out some other action relating to the administration of justice

Buy or sell an option on

Justification or authority for an action, belief, or feeling

The act of choosing; choice

An official certificate of appointment issued to an officer of lower rank than a commissioned officer.

The power or freedom to choose

Justify or necessitate (a course of action)

The right, usually obtained for a fee, to buy or sell an asset within a specified time at a set price.

Officially affirm or guarantee

A contract or financial instrument granting such a right

(Law) A judicial writ authorizing the search or seizure of property, arrest of a person, or the execution of a legal judgment.

The right to make a movie adaptation of a literary work or play

A voucher authorizing payment or receipt of money.

(Baseball) The right of a major-league team to transfer a player to a minor-league team while being able to recall the player within a specified period.

An option to buy stock at a specified price from an issuing company.

Something chosen or available as a choice.

Justification for an action or a belief; grounds

An item or feature that may be chosen to replace or enhance standard equipment, as in a car.

Something that provides assurance or confirmation; a guarantee or proof

(Football) An offensive play in which a back, usually the quarterback, decides during the play whether to run with the ball, throw a pass, or make a lateral, depending on the actions of the defense.

Authorization or certification; sanction, as given by a superior.

To acquire or grant an option on

A warrant officer.

(Baseball) To transfer (a major-league player) to a minor-league club on option.

A certificate of appointment given to a warrant officer.

One of a set of choices that can be made.

To provide adequate grounds for; justify or require

The freedom or right to choose.

To guarantee (a product).

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.

To guarantee (a purchaser) indemnification against damage or loss.

The acquiring or retention of a nationality through personal choice as a right, bypassing selective legal mechanisms for naturalization, especially in cases where a territory is transferred or passed on from one state to another.

(Law) To guarantee clear title to (real property).

To purchase an option on something.

Authorization or certification; a sanction, as given by a superior.

To configure, by setting an option.

(countable) Something that provides assurance or confirmation; a guarantee or proof.

The power of choosing; the right of choice or election; an alternative.

(countable) An order that serves as authorization; especially a voucher authorizing payment or receipt of money.

The exercise of the power of choice; choice.

An option, usually issued together with another security and with a term at issue greater than a year, to buy other securities of the issuer.

A wishing; a wish.

A judicial writ authorizing an officer to make a search, seizure, or arrest, or to execute a judgment.

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.

(countable) A certificate of appointment given to a warrant officer.

A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit; also, the contract giving that privelege; as, an option to buy a stock at a given price; to exercise an option.

A document certifying that a motor vehicle meets certain standards of mechanical soundness and safety; a warrant of fitness.

The right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited

A defender, a protector.

One of a number of things from which only one can be chosen;

Underclay in a coal mine.

The act of choosing or selecting;

To protect, keep safe (from danger).

To give (someone) an assurance or guarantee (of something); also, with a double object: to guarantee (someone something).

(transitive) To guarantee (something) to be (of a specified quality, value, etc.).

(transitive) To guarantee as being true; (colloquially) to believe strongly.

(transitive) To authorize; to give (someone) sanction or warrant (to do something).

(transitive) To justify; to give grounds for.

That which warrants or authorizes; a commission giving authority, or justifying the doing of anything; an act, instrument, or obligation, by which one person authorizes another to do something which he has not otherwise a right to do; an act or instrument investing one with a right or authority, and thus securing him from loss or damage; commission; authority.

A writing which authorizes a person to receive money or other thing.

That which vouches or insures for anything; guaranty; security.

A precept issued by a magistrate authorizing an officer to make an arrest, a seizure, or a search, or do other acts incident to the administration of justice.

That which attests or proves; a voucher.

An official certificate of appointment issued to an officer of lower rank than a commissioned officer. See Warrant officer, below.

Right; legality; allowance.

To make secure; to give assurance against harm; to guarantee safety to; to give authority or power to do, or forbear to do, anything by which the person authorized is secured, or saved harmless, from any loss or damage by his action.

To support by authority or proof; to justify; to maintain; to sanction; as, reason warrants it.

To give a warrant or warranty to; to assure as if by giving a warrant to.

To secure to, as a grantee, an estate granted; to assure.

A writ from a court commanding police to perform specified acts

A type of security issued by a corporation (usually together with a bond or preferred stock) that gives the holder the right to purchase a certain amount of common stock at a stated price;

Formal and explicit approval;

A written assurance that some product or service will be provided or will meet certain specifications

Show to be reasonable or provide adequate ground for;

Stand behind and guarantee the quality, accuracy, or condition of;