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What does allocable mean?

Looking for the meaning or definition of the word allocable? Here's what it means.

Adjective
  1. Able to be allocated.
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They are potentially liable to the artist for the artist's losses, for an allocable portion the profits they earned, attorneys fees and treble damages.
On the surface, using a cost-type contract may appear to be the wrong type because it essentially results in the payment of all allowable and allocable costs.
The amount of rebate allocable to the United Nations reimbursement will be offset from the staff member's 2008 final tax reimbursement.
The Deputy Minister attributed an allocable share of the cost of the settlement to the production of the subject goods, both in his initial decision and in his remand determination.
Some contributions are not susceptible to allocation by sector and shall therefore be reported as non-sector allocable.
The elected amount for a preferred beneficiary must not be more than the allocable amount of the trust's total accumulating income.

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