optionality

Noun

 * 1)  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.
 * 1) Quality or state in which choice or discretion is allowed.
 * Some offices do not follow the corporate procedure, due to a culture of optionality.

Related terms

 * option
 * optional

Translations

 * Basque: aukerakotasun
 * Czech: volitelnost