exercisability
Exercisability refers to the quality or state of being exercisable—the capacity to exercise a right, option, privilege, or remedy. The term is most commonly used in legal, financial, and contractual contexts to indicate that an entitlement can presently be invoked or acted upon. It contrasts with conditions that must be satisfied before exercise is allowed, such as vesting or compliance with prerequisites.
In finance and employee compensation, exercisability governs instruments like stock options, warrants, and convertible securities. An
In contracts and rights, exercisability describes whether a legal remedy, claim, or privilege can currently be
Usage notes: exercisability is sometimes written as one word, or as exercisableness in older texts; exercisable