First refusal and Option

Option and first refusal are semantically related. In some cases you can replace term "Option" with "First refusal", this terms are similar.

Option noun - Something that is not necessary in itself but adds to the convenience or performance of the main piece of equipment.

First refusal and option are semantically related. Sometimes you can replace phrase "First refusal" with "Option", this terms are similar.

Nearby Words: opt, optional, optionally, opting, optionee