The quality or capacity of being able to allocate, distribute, or assign something (like resources, funds, or tasks) to specific purposes or recipients.
From 'allocable' (capable of being allocated) plus the abstract noun suffix '-ity,' which converts adjectives into nouns describing their quality. The root 'allocate' comes from Latin 'allocare' (to assign to a place).
Budget officers worry constantly about 'allocability'—whether they can actually split up and distribute funds the way they want, which isn't always legally or practically possible!
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