Definition of "contestability" [contestability]

• The property of being contestable or debatable. (noun)

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• "Is the "threat of hanging" and not the actual closure an example of Baumol's "contestability"?"
• "Mr. Zey told him that, if he could pass a physical examination, he could procure a policy, which Mr. Zey would arrange in two years to sell to an investor, once the policy passed the standard "contestability" period, the suit alleges."
• "Reformers tried calling it 'contestability' and pushed through some improvements, but in the end reaction triumphed over reform."