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Allocable Meaning: Definition, Examples, and Translations

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allocable

[ˈæləˌkeɪbl ]

Definition

Context #1 | Adjective

computing

Capable of being allocated or assigned.

Synonyms

allocatable, apportionable, assignable.

Which Synonym Should You Choose?

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Word Description / Examples
allocable

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.
assignable

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.
apportionable

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.
allocatable

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.

Examples of usage

  • This memory is allocable to different processes.
  • The resources are allocable based on priority levels.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Economics

  • In economics, resources are often described as allocable to reflect their distribution among various needs or projects.
  • Allocable resources help in determining budget priorities within organizations, ensuring effective use of funds.

Project Management

  • Project managers often need to identify allocable costs to track spending effectively and ensure the project stays within budget.
  • Understanding what expenses are allocable can help teams in strategic planning.

Business Management

  • Allocable expenses are crucial for accurate financial reporting and regulatory compliance in businesses.
  • Businesses frequently analyze allocable items to optimize resource allocation and improve operational efficiency.

Legal Context

  • In legal frameworks, allocable costs play an essential role in contracts and financial agreements, helping outline what can be charged.
  • Allocation methods can affect tax assessments and claims, emphasizing the importance of clarity around what is allocable.

Origin of 'allocable'

Main points about word origin

  • The term comes from the root 'allocate', which means to set apart for a particular purpose.
  • It combines the prefix 'allo-', meaning 'other' or 'different', with 'cable', derived from the Latin 'cabala', referring to division.

The word 'allocable' originated from the Latin word 'allocabilis', which means 'that can be allocated'. It first appeared in the English language in the mid-19th century in the context of resource allocation in various fields such as computing, finance, and management. The term gained popularity with the increasing use of computer systems and the need to allocate resources efficiently.