granted an option

USAGE SUMMARY

The phrase "granted an option" is correct and usable in written English.
It can be used in contexts related to permissions, choices, or opportunities provided to someone, often in legal or business settings. Example: "The employee was granted an option to purchase shares at a discounted rate."

✓ Grammatically correct

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

It has granted an option, which runs through September, to the foundation to buy the property.

The New York Times

In section 6.11 of the agreement, JPMorgan was granted an option to purchase Bear's headquarters for $1.1 billion.

The New York Times

Under the terms, JPMorgan was granted an option to buy its remaining stake in Cazenove after five years of a joint venture.

The New York Times

In a notable example recently, Webb in April 2001 exposed a complicated deal in which the Nasdaq-listed Internet Capital Group (icg) granted an option to Hutchison Whampoa, controlled by the Hong Kong tycoon Li Ka-shing, to buy for $29 million real estate and other assets worth $164 million that belong to its Hong Kong—listed icg Asia.

Forbes

The companies did not say why Slaight Communications was granted an option to require Hollinger Argus to buy back Valley Cable, which serves about 55,000 subscribers in the western San Fernando Valley and in the City of San Fernando.

Los Angeles Times

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

And if you must grant an option, it is best to only give a right of first offer.

Harvard University

The deal includes a provision granting an option to buy up to 40percentt of Veag and Laubag to Bewag, a Berlin utility that Vattenfall is vying to acquire.

The New York Times

The S.E.C. filing said Garden State was paid $2.4 million to grant an option to an unidentified party to buy "a certain newspaper" between 2003 and 2010 at the paper's fair market value.

The New York Times

So when he bought 10percentt of the shares in Riviera Hotel and Casino, a company based in Las Vegas, Mr. Trump was required to grant an option to purchase the shares to his public corporation.

The New York Times

Assume a company granted an indexed option when the stock price was $10 and chose to index against the S&P 500, which grew at a rate of 10% per year.

Forbes

Mr. de Sole was granted a million options in June 2000, vesting through March 2003 with strike prices set in a similar range.

The New York Times

Expert writing Tips

Best practice

When using "granted an option", ensure the context clearly defines the terms and conditions of the option being granted. Specify the duration, scope, and any limitations associated with it.

Common error

Avoid ambiguity by explicitly stating what the "option" entails. Don't assume the recipient understands the full implications without a clear explanation.

Linguistic Context

The phrase "granted an option" functions as a verb phrase that indicates the act of giving someone the right or opportunity to do something. As highlighted by Ludwig, it denotes the provision of a choice or permission, frequently within formal or business contexts.

Expression frequency: Uncommon

Frequent in

News & Media

60%

Academia

20%

Science

20%

Less common in

Formal & Business

0%

Wiki

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "granted an option" is a grammatically sound and functionally specific expression indicating the provision of a right or choice. As Ludwig AI confirms, it's correctly used in formal and business contexts, conveying a deliberate conferral of permission or opportunity. While alternatives like "gave an option" or "offered an option" exist, "granted an option" carries a slightly more formal and authoritative tone. Understanding the specific scope and conditions of the option is crucial for effective usage.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

gave an option

Replaces "granted" with "gave", a more informal synonym, slightly altering the tone.

offered an option

Substitutes "granted" with "offered", implying a proposal or suggestion of a choice.

provided an option

Replaces "granted" with "provided", emphasizing the act of making an option available.

extended an option

Changes "granted" to "extended", suggesting a continuation or renewal of an existing option.

allowed an option

Replaces "granted" with "allowed", focusing on the permission aspect of providing a choice.

bestowed an option

Substitutes "granted" with "bestowed", implying a conferral or giving of an option, often with a sense of generosity.

conferred an option

Changes "granted" to "conferred", suggesting a formal granting of an option, often in legal or official contexts.

accorded an option

Replaces "granted" with "accorded", implying a formal or respectful granting of an option.

authorized an option

Substitutes "granted" with "authorized", emphasizing the official or legal approval of the option.

permitted an option

Changes "granted" to "permitted", focusing on the allowance or authorization of a choice.

FAQs

What does "granted an option" mean?

To be "granted an option" means to be given the right or opportunity to do something, often with the ability to choose whether or not to proceed. It implies a permission or privilege has been formally extended.

How is "granted an option" used in legal contexts?

In legal settings, "granted an option" typically refers to a contractual right, such as an option to purchase property or shares. The party is given the power to exercise that option under specific terms and within a defined timeframe.

What are some alternatives to saying "granted an option"?

You can use alternatives like "gave an option", "offered an option", or "provided an option depending on the context".

What's the difference between "offered an option" and "granted an option"?

"Offered an option" suggests a proposal or suggestion, while "granted an option" implies a more formal and authoritative conferral of a right or permission. The latter is often used in legal or business agreements.