›[C or U]physical activity that you do to make your body strong and healthy: do/take exerciseThe office has a gym for those who like to do exercise in their lunch hour.There are many types of equipment out there in the exercise market.exercise equipment/machines
›[C]an action or actions intended to improve something or make something happen: 10,000 scientists and businessmen took part in an exercise to identify technology trends.The outing was arranged by the firm as part of a team-building exercise.a cost-cutting exercisea brainstorming exercise
›[U]formalthe use of something such as a right, choice, or power: The document sets out guidelines on the exercise of voting rights.
›[U]formalthe act of doing a particular job: Many journalists have lost their lives in the exercise of their profession.
the exercise of an option›FINANCEthe act of buying or selling the shares, etc. that are mentioned in an options contract (= an agreement giving the right to buy and sell shares in the future): Shares will be transferred within 28 days of the exercise of an option.