a. Capable of being exercised, employed, or enforced; as, the authority of a magistrate is exercisible within his jurisdiction. [ 1913 Webster ]

pos>a. That may be exercised, used, or exerted; as, the stock options are exercisable for only five years from the date of issue. [ 1913 Webster +PJC ]

pos>a. That may be exercised, used, or exerted; as, the stock options are exercisable for only five years from the date of issue. [ 1913 Webster +PJC ]