Capable of being allocated, distributed, assigned, or apportioned to specific uses, people, or purposes.
From Latin 'allocare' (to assign to a place), where 'ad-' means 'to' and 'locare' means 'to place,' plus the English suffix '-able' meaning 'capable of.' The term became common in business and legal contexts.
In accounting, not all money is 'allocable'—some funds are locked in to specific purposes by law or contract, so managers can only move around what's actually allocable!
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