exercisable
Able to use
Exercisable describes something that can be exercised—put into action or made use of.
The word appears most often in legal and financial contexts: an exercisable right, an exercisable option.
Stock options become exercisable when conditions are met, allowing the holder to buy shares at a specified price: The options vest over four years and become exercisable on the anniversary date.
Legal authority's scope
- enforcementCompelling compliance with rules
- statuteEnacted written rule
- regulationOfficial rules governing conduct
- complianceAdhering to requirements
litigation · adjudication · mandate · injunction · court · tribunal · sovereign · governance
Available course of action
- warrantFormal authorization document
- privilegeExclusive right or benefit
- entitlementAssumed right to benefits
- claimStatement of ownership or truth
power · prerogative · discretion · choice · authority · freedom · autonomy · agency
jurisdiction
Legal authority's scope
- enforcementCompelling compliance with rules
- statuteEnacted written rule
- regulationOfficial rules governing conduct
compliance · litigation · adjudication · mandate · injunction · court · tribunal · sovereign · governance · prosecution
option
Available course of action
- warrantFormal authorization document
- privilegeExclusive right or benefit
- entitlementAssumed right to benefits
claim · power · prerogative · discretion · choice · authority · freedom · autonomy · agency · volition
exercise, exercises, exercised, exercising, exerciser, exercisers, unexercised, overexercise, overexercised