1. capable of being exercised; able to be put into practice or use
Usage: formal; often used in legal or business contexts

Examples

• The contract grants the buyer an exercisable option to purchase the property within two years.
• These rights are exercisable only by the board of directors.
• The warranty is exercisable for a period of twelve months from the date of purchase.
• Employees have an exercisable right to request flexible working arrangements.
• The patent holder's claims are exercisable in any court of competent jurisdiction.