exercisable
Definition
Adjective: "Exercisable" describes something that can be put into effect, used, or applied, especially in legal or formal contexts. It refers to a right, power, option, or authority that is capable of being exercised or acted upon.
Usage Examples
- (The right to vote can be used only at that time.)
- (The option to buy stock can be put into effect during that period.)
- (The legal authority can be used when the person becomes unable to manage their affairs.)
Advanced Usage
"Exercisable at par": A term in finance meaning an option can be used to buy or sell an asset at its face value.
- The call option is exercisable at par until the expiration date. (The option can be exercised at the asset's nominal price.)
"Exercisable only upon condition": A right that can be used only when a specific event occurs.
- The bonus is exercisable only upon completion of the project. (The bonus can be claimed only after the project finishes.)
Variants and Related Words
Exercise (verb): to put into action or use a right, power, or ability.
- You must exercise your option before the deadline. (You must use your right within the time limit.)
Exercise (noun): the act of using a right or power.
- The exercise of the option resulted in a profit. (The act of using the option led to a gain.)
Unexercisable (adjective): not able to be used or put into effect.
- The license is unexercisable if the fee is not paid. (The license cannot be used without payment.)
Synonyms
- Usable: capable of being employed or utilized.
- Enforceable: capable of being made effective or legally binding.
- Applicable: relevant and able to be put into practice.
Related Idioms
- "To come into play": to become active or relevant.
- The exercisable rights come into play once the contract is signed. (The rights become usable after signing.)
Phrasal Verbs
- Exercise out: to use a right fully until it is exhausted.
- He exercised out all his stock options before the company was sold. (He used all his options completely.)