Simple past tense and past participle of exercise.(verb)
Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License
Use "exercised" in a sentence
"Furthermore, the process by which the rights of a patent are exercised is costly, damaging, and net-net ends up wasting, in my estimation, much more energy that could otherwise be put into more essential or meaningful pursuits."
"That responsibility must be exercised from the earliest days of a child's education and the, message made clear in numerous different ways thereafter."
"This meeting, however, proved abortive when France and Great Britain exercised their veto right to obstruct a resolution calling on"