optionee

[op-shuh-nee]
noun
a person who acquires or holds a legal option.

Origin:
option + -ee

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
The second is the contract to sell the land upon timely acceptance by the optionee of the offer to sell.
Such a period of time would provide enough opportunity for the optionee to investigate the feasibility of exercising the option.
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