Definition from Wiktionary, the free dictionary
- (finance, business) The value of additional optional investment opportunities available only after having made an initial investment.
- The short-term payoff for this is modest, but the optionality value is enormous.
- Quality or state in which choice or discretion is allowed.
- Some offices do not follow the corporate procedure, due to a culture of optionality.
quality or state in which choice or discretion is allowed