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English definition of “exercisable”

exercisable

adjective     /ˈeksəˌsaɪzəbl/ FINANCE
if an option (= right to buy or sell shares , etc.) is exercisable on a particular date , the shares mentioned in it can be bought or sold then: The options will be exercisable after three years .
(Definition of exercisable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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