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English definition of “exercise price”

exercise price

noun [C]     FINANCE
the price at which someone who has an options contract (= an agreement giving the right to buy and sell shares in the future) can buy or sell the shares, etc. mentioned in it: Their options have an average exercise price of more than $500. → See also spot price, strike price
(Definition of exercise price noun from the Cambridge Business English Dictionary © Cambridge University Press)
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