Meaning of “exercise price” in the English Dictionary

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"exercise price" in Business English

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exercise pricenoun [ C ]


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.

(Definition of “exercise price” from the Cambridge Business English Dictionary © Cambridge University Press)