"electability" - does this word exist?

[Duc]

Oh,please help me now.I'm very very confused and angry.When I read article on voa news on the current presidential election in the Usa ,I saw the word ''electability'' but when I looked it up in both Longman and Cambridge dictionary,it doesn't seem to exist.
Does this word exist?
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Don't see your shade think you are great

[Yankee]

.
Yes, that word exists:
http://www.onelook.com/?w=electability&ls=a

http://www.bartleby.com/61/5/E0070500.html
.
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"Nearly all men can stand adversity, but if you want to test a man's character, give him power." ~ Abraham Lincoln