Capable of being amended, corrected, or improved; able to be changed or modified.
From 'amend' (from Latin 'emendare,' to correct) plus the suffix '-able' (capable of being). The word describes things that can be revised or corrected.
Laws are amendable—that's why the U.S. Constitution has amendments. The fact that something is amendable means you don't have to live with its current form forever; it can be improved or corrected.
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