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Option vs. Warrant — What's the Difference?

Difference Between Option and Warrant

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Definitions

Option

A thing that is or may be chosen
Choose the cheapest options for supplying energy

Warrant

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
An extradition warrant
Magistrates issued a warrant for his arrest

Option

Buy or sell an option on
His second script will have been optioned by the time you read this

Warrant

Justification or authority for an action, belief, or feeling
There is no warrant for this assumption

Option

The act of choosing; choice
Her option was to quit school and start her own business.

Warrant

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

The power or freedom to choose
We have the option of driving or taking the train.

Warrant

Justify or necessitate (a course of action)
The employees feel that industrial action is warranted

Option

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

Warrant

Officially affirm or guarantee
The vendor warrants the accuracy of the report

Option

A contract or financial instrument granting such a right
A stock option.

Warrant

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

The right to make a movie adaptation of a literary work or play
A movie studio that purchased an option on a book.

Warrant

A voucher authorizing payment or receipt of money.

Option

(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.

Warrant

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

Option

Something chosen or available as a choice.

Warrant

Justification for an action or a belief; grounds
"The difficulty of predicting the future is no warrant to ignore it" (Brian Hayes).

Option

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

Warrant

Something that provides assurance or confirmation; a guarantee or proof
"The kind of uncertainties and ambiguities ... which may damage [his] essays ... are often a warrant of authenticity in [his] fiction" (John Edward Hardy).

Option

(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.

Warrant

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

Option

To acquire or grant an option on
"had optioned for a film several short stories about two policemen" (Barbara Goldsmith).

Warrant

A warrant officer.

Option

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

Warrant

A certificate of appointment given to a warrant officer.

Option

One of a set of choices that can be made.

Warrant

To provide adequate grounds for; justify or require
What could he have done that would warrant such a punishment?.

Option

The freedom or right to choose.

Warrant

To guarantee (a product).

Option

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.

Warrant

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

Option

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.

Warrant

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

Option

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.

Warrant

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

Option

To configure, by setting an option.

Warrant

(countable) Something that provides assurance or confirmation; a guarantee or proof.
A warrant of authenticity; a warrant for success

Option

The power of choosing; the right of choice or election; an alternative.
There is an option left to the United States of America, whether they will be respectable and prosperous, or contemptible and miserable, as a nation.

Warrant

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

Option

The exercise of the power of choice; choice.
Transplantation must proceed from the option of the people, else it sounds like an exile.

Warrant

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.

Option

A wishing; a wish.

Warrant

A judicial writ authorizing an officer to make a search, seizure, or arrest, or to execute a judgment.
An arrest warrant issued by the court

Option

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.

Warrant

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

Option

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.

Warrant

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

Option

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

Warrant

A defender, a protector.

Option

One of a number of things from which only one can be chosen;
What option did I have?
There no other alternative
My only choice is to refuse

Warrant

Underclay in a coal mine.
Warren earth

Option

The act of choosing or selecting;
Your choice of colors was unfortunate
You can take your pick

Warrant

To protect, keep safe (from danger).

Warrant

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

Warrant

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

Warrant

(transitive) To guarantee as being true; (colloquially) to believe strongly.
That tree is going to fall, I’ll warrant.

Warrant

(transitive) To authorize; to give (someone) sanction or warrant (to do something).
I am warranted to search these premises fully.

Warrant

(transitive) To justify; to give grounds for.
Circumstances arose that warranted the use of lethal force.

Warrant

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.

Warrant

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

Warrant

That which vouches or insures for anything; guaranty; security.
I give thee warrant of thy place.
His worth is warrant for his welcome hither.

Warrant

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.

Warrant

That which attests or proves; a voucher.

Warrant

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

Warrant

Right; legality; allowance.

Warrant

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.
That show I first my body to warrant.
I'll warrant him from drowning.
In a placeLess warranted than this, or less secure,I can not be.

Warrant

To support by authority or proof; to justify; to maintain; to sanction; as, reason warrants it.
True fortitude is seen in great exploits,That justice warrants, and that wisdom guides.
How little while it is since he went forth out of his study, - chewing a Hebrew text of Scripture in his mouth, I warrant.

Warrant

To give a warrant or warranty to; to assure as if by giving a warrant to.
[My neck is] as smooth as silk, I warrant ye.

Warrant

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

Warrant

A writ from a court commanding police to perform specified acts

Warrant

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;
As a sweetener they offered warrants along with the fixed-income securities

Warrant

Formal and explicit approval;
A Democrat usually gets the union's endorsement

Warrant

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

Warrant

Show to be reasonable or provide adequate ground for;
The emergency does not warrant all of us buying guns
The end justifies the means

Warrant

Stand behind and guarantee the quality, accuracy, or condition of;
The dealer warrants all the cars he sells
I warrant this information

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