Allocable: meaning, definitions and examples

Utilized within formal settings, particularly in the context of finance and accounting, where funds or resources need to be designated for specific purposes.

• The company announced that the allocable funds for the project are insufficient.
• Allocable resources need to be identified before we proceed with the budget planning.

Commonly used in work, task management, or legal contexts where duties, tasks, or rights can be delegated or transferred to someone else. Generally neutral but can imply responsibility.

• We need tasks that are clearly assignable to each team member.
• The contract rights are assignable only with prior consent.

Primarily found in legal, financial, or formal situations where shares or proportions are being divided or distributed according to a specific rule or law.

• The inheritance was deemed apportionable among the siblings.
• The court decided that the damages were apportionable between the parties involved.

Often used in general administrative or project management scenarios to denote resources or duties that can be distributed.

• We need to determine the allocatable hours for each team member.
• The allocatable budget must be finalized by the end of the month.