allocable

Also al·lo·cat·a·ble

[al-uh-kuh-buhl]

adjective

1. that can be allocated.

Word History and Origins

Origin of allocable¹

First recorded in 1915–19; alloc(ate) + -able

Example Sentences

The obligation would be paid to K.K.R. out of “realization proceeds allocable to the fund” upon the sale of fund investments, it said.

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Tentative innovation profit is generally equal to its gross receipts from qualified property less deductions allocable to those receipts.

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Consequently, the couple suffered a substantial loss allocable to the stock.

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The Final Regulations provide that taxpayers may use any reasonable method to determine what portion of the deduction for state income taxes is properly allocable to NII.

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Investment interest, up to the amount of the taxpayer’s NII, is allowed as a properly allocable deduction.

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