Exercise and Implementing

noun

• The activity of exerting your muscles in various ways to keep fit.
  • usage: "the doctor recommended regular exercise"; "he did some exercising"; "the physical exertion required by his work kept him fit"
  • synonyms: exercising, physical exercise, physical exertion, workout
• The act of using.
  • usage: "he warned against the use of narcotic drugs"; "skilled in the utilization of computers"
  • synonyms: use, usage, utilization, utilisation, employment
• Systematic training by multiple repetitions.
  • usage: "practice makes perfect"
  • synonyms: practice, drill, practice session, recitation
• A task performed or problem solved in order to develop skill or understanding.
  • usage: "you must work the examples at the end of each chapter in the textbook"
  • synonyms: example
• Usually plural. ( a ceremony that involves processions and speeches)
  • usage: "academic exercises"

verb

• Put to use.
  • usage: "exert one's power or influence"
  • synonyms: exert
• Carry out or practice; as of jobs and professions.
  • usage: "practice law"
  • synonyms: practice, practise, do
• Give a workout to.
  • usage: "Some parents exercise their infants"; "My personal trainer works me hard"; "work one's muscles"; "this puzzle will exercise your mind"
  • synonyms: work, work out
• Do physical exercise.
  • usage: "She works out in the gym every day"
  • synonyms: work out
• Learn by repetition.
  • usage: "We drilled French verbs every day"; "Pianists practice scales"
  • synonyms: drill, practice, practise

• (v.t.) To set in action; to cause to act, move or make exertion; to give employment to; to put in action habitually or constantly; to school or train; to exert repeatedly; to busy.
• (v.i.) To exercise one's self, as under military training; to drill; to take exercise; to use action or exertion; to practice gymnastics; as, to exercise for health or amusement.
• (n.) Exertion for the sake of training or improvement whether physical, intellectual or moral; practice to acquire skill, knowledge, virtue, perfectness, grace, etc.
• (v.t.) To put in practice; to carry out in action; to perform the duties of; to use; to employ; to practice; as, to exercise authority; to exercise an office.
• (n.) The act of exercising; a setting in action or practicing; employment in the proper mode of activity; exertion; application; use; habitual activity; occupation, in general; practice.
• (n.) The performance of an office, a ceremony or a religious duty.
• (n.) That which is done for the sake of exercising, practicing, training or promoting skill, health, mental, improvement, moral discipline, etc.; that which is assigned or prescribed for such ends; hence, a disquisition; a lesson; a task; as, military or naval exercises; musical exercises; an exercise in composition.
• (v.t.) To occupy the attention and effort of; to task; to tax, especially in a painful or vexatious manner; harass; to vex; to worry or make anxious; to affect; to discipline; as, exercised with pain.
• (v.t.) To exert for the sake of training or improvement; to practice in order to develop; hence, also, to improve by practice; to discipline, and to use or to for the purpose of training; as, to exercise arms; to exercise one's self in music; to exercise troops.
• (n.) That which gives practice; a trial; a test.
• (n.) Bodily exertion for the sake of keeping the organs and functions in a healthy state; hygienic activity; as, to take exercise on horseback.

Exercise is the action taken by the holder of an option or convertible security to convert his derivative position into the underlying security, commodity or futures. In the case of the option the exercise of a call would give the owner of the call the underlying instrument or cash settlement adjustment. In the case of a convertible bond, the owner of the bond terminates that contractual relationship in exchange for shares in the corporation. The owner of the option is the only one that exercises. However, there are mandatory exercises for expiring options that are in-the-money by more than the stipulated threshold amount. Also, there may be built-in event options that take priority over the owner of the securities right to exercise. Nevertheless, this nesting of options still defers to rules that establish which party holds, which options.

(DoD) A military maneuver or simulated wartime operation involving planning, preparation, and execution. It is carried out for the purpose of training and evaluation. It may be a multinational, joint, or single-Service exercise, depending on participating organizations. See also command post exercise; field exercise; maneuver.