Capable of being chased or pursued; able to be hunted or followed.
Variant spelling of 'chasable,' formed from 'chase' (from Old French 'chacier,' Latin 'captare' meaning to catch) plus the productive suffix '-able' (from Latin '-abilis'). Both spellings have appeared in English texts since the 1600s, with 'chaseable' being the more common modern variant.
English has multiple acceptable spellings for many '-able' words (like 'likable/likeable' or 'nameable/namable'), reflecting that our spelling system is still somewhat flexible and historical!
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