Meaning & use
Allocable
Last updated
Able to be allocated or assigned for a particular purpose.
See it in a sentence
Only costs directly allocable to the project may be billed to the client.
The accountant determined which expenses were allocable to each department.
A note on using this word
Commonly used in accounting and government contracting to describe costs that can be properly assigned to a specific budget item.
Words with a similar meaning
assignableapportionable
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