Definition, Meaning & Synonyms
optionality
noun
/ˌɑːpʃəˈnælɪti/
Definition
the quality of having options or choices available.
Examples
- Having optionality in your investment strategy can help mitigate risks.
- She valued the optionality of pursuing multiple career paths.
Meaning
Optionality refers to the ability to choose between different possibilities or paths in a situation, allowing flexibility in decision-making.
Synonyms
- flexibility
- choice
- versatility
- contingency
