Allocable – Definition & Meaning

Allocable is a term that is commonly used in legal and financial contexts. It refers to the ability to assign or distribute resources, costs, or expenses to specific categories or individuals. This article will explore the definition, origin, meaning in different dictionaries, associations, synonyms, antonyms, and example sentences of the word allocable.

Definitions

Allocable is an adjective that means capable of being allocated or assigned. It is used to describe expenses or costs that can be attributed to a specific category or individual. Allocable expenses are those that can be directly linked to a particular project, department, or activity.

Origin

The word allocable comes from the Latin word “allocare,” which means “to place, assign, or allot.” This word was first used in the English language in the mid-17th century.

Meaning in different dictionaries

According to the Merriam-Webster dictionary, the word allocable means “capable of being allocated.” The Oxford English Dictionary defines it as “able to be assigned or distributed.” The Cambridge Dictionary describes it as “able to be divided and given to different people or organizations.”

Associations

Allocable is commonly associated with accounting, finance, and legal contexts. It is used to describe the process of assigning expenses or costs to specific categories or individuals. It is also used in project management to allocate resources to different tasks or activities.

Synonyms

Some synonyms of allocable include assignable, distributable, apportionable, and chargeable.

Antonyms

Antonyms of allocable include unassignable, undistributable, and unapportionable.

The same root words

The root word of allocable is “allocate,” which means to distribute or apportion resources, costs, or expenses.

Example Sentences

1. The expenses for the marketing campaign are allocable to the sales department.
2. The cost of the new equipment is allocable to the manufacturing department.
3. The company has allocated a budget for employee training, and the expenses are allocable to the human resources department.