allocable

adjective

al·​lo·​ca·​ble ˈa-lə-kə-bəl How to pronounce allocable (audio)
: capable of being allocated

Examples of allocable in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Net profits allocable to the Net Profits Interest were $6,312,156, compared to $2,850,857 in the previous year, with the increase attributed to higher oil and natural gas sales. Quartz Bot, Quartz, 14 Nov. 2024 On December 9, 2013 TOT owned 652 acres that its original partners had acquired for $486,000 (an allocable portion of a larger transaction) in 2005. Peter J Reilly, Forbes, 25 June 2021 However, the definition of wages continues to state that the amount cannot include any amount which is not properly allocable to qualified business income. Lynn Mucenski Keck, Forbes, 14 Mar. 2022 The distribution of property treatment does not exceed the sum of the distributees’ allocable share of the undistributed PHC income for the year, computed without regard to section 316(b)(2) or section 562(b). Carrie Brandon Elliott, Forbes, 3 Oct. 2022

Word History

Etymology

alloc(ate) + -able

First Known Use

1715, in the meaning defined above

Time Traveler
The first known use of allocable was in 1715

Dictionary Entries Near allocable

Cite this Entry

“Allocable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/allocable. Accessed 22 Dec. 2024.

Legal Definition

allocable

adjective
al·​lo·​ca·​ble ˈa-lə-kə-bəl How to pronounce allocable (audio)
: capable of being allocated or assigned
Last Updated: - Updated example sentences
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