These words are, in some instances, interchangeable, but not in all cases. We commonly use derisive to mean mocking or contemptuous. Most authorities recognise derisory as an alternative here, although it is not recommended. More commonly, we use derisory to mean 'worthy of derision,' as in "a derisory pay rise."
"derisive vs. derisory." Grammar.com. STANDS4 LLC, 2020. Web. 10 Aug. 2020. <https://www.grammar.com/derisive_vs._derisory>.
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