Definition of "optionality" []

• The value of additional optional investment opportunities available only after having made an initial investment. (noun)
• Quality or state in which choice or discretion is allowed. (noun)

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• "I think last call we talked a little bit about the longer-term optionality you might have, if you need, on the one hand, to take out some 12-ounce capacity, you might be able to utilize that on the food part of the house."
• ": IBM-Sun Microsystems Talks Unravel Sun argued that the offer gave IBM too much "optionality," or leeway to walk away from the deal, according to one person familiar with the talks."
• "Sun argued that the offer gave IBM too much "optionality," or leeway to walk away from the deal, according to one person familiar with the talks."