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What does severable mean?

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

Adjective
  1. Capable of being severed.
  2. (economics) Capable of being separated.
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Examples
It was held that the words were meaningless but that they did not destroy the contract as they were severable, leaving the core of the obligation intact.
She submitted that a decision may have many separate and severable elements within it.
Nevertheless, a severable part of the contract which has a closer connection with another country may by way of exception be governed by the law of that other country.
Any provision of this Agreement, or part thereof, prohibited by law or otherwise invalid or ineffective will be ineffective only to the extent of such prohibition or ineffectiveness and will be severable.
In the case of a security with a conversion feature which is not severable from the security and cannot be separately traded, no part of the issue price can be allocated to the conversion feature.
Mr Browne submits that the first two of these meanings are severable and distinct.

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