allowable al‧low‧a‧ble [əˈlaʊəbl] adjective
1. acceptable according to the rules:
• The government has cut by 35% this year's allowable catch of fish.
2. ACCOUNTING an allowable amount, cost, or expense does not need to be counted as part of income or profits:
• Allowable deductions include travel and office supplies.
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allowable UK US /əˈlaʊəbl̩/ adjective
► allowed according to the laws or rules that control a particular area of activity: allowable amount/level/limit »
The amounts of mercury present far exceeded the Japanese government's allowable level.
► ACCOUNTING relating to a cost or an amount that can be taken off your income or profit before the tax owed is calculated: »
allowable deductions/costs/expenses
»Training costs are allowable as a business deduction.
Financial and business terms. 2012.