allowable


allowable
allowable al‧low‧a‧ble [əˈlaʊəbl] 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.

* * *

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.

Synonyms:

Look at other dictionaries:

  • Allowable — Al*low a*ble, a. [F. allouable.] 1. Praiseworthy; laudable. [Obs.] Hacket. [1913 Webster] 2. Proper to be, or capable of being, allowed; permissible; admissible; not forbidden; not unlawful or improper; as, a certain degree of freedom is… …   The Collaborative International Dictionary of English

  • allowable — I adjective acceptable, accepted, admissible, approvable, approved, authorized, excusable, granted, justifiable, lawful, legal, legalized, legitimate, licit, not impossible, not improper, not objectionable, pardonable, passable, permissible,… …   Law dictionary

  • allowable — (adj.) late 14c., from O.Fr. allouable, from allouer (see ALLOW (Cf. allow)) …   Etymology dictionary

  • allowable — [ə lou′ə bəl] adj. that can be allowed; permissible allowably adv …   English World dictionary

  • allowable — [[t]əla͟ʊəb(ə)l[/t]] 1) ADJ If people decide that something is allowable, they let it happen without trying to stop it. It ought not to be allowable in law for any parent to remove a child from another parent without consent. Syn: permissible 2)… …   English dictionary

  • allowable — al|low|a|ble [əˈlauəbəl] adj 1.) acceptable according to the rules = ↑permissible ▪ The maximum allowable dosage is two tablets a day. 2.) allowable costs are costs that you do not pay tax on ▪ allowable deductions such as alimony and business… …   Dictionary of contemporary English

  • allowable — adjective 1 acceptable according to the rules: the maximum allowable dosage 2 allowable costs are costs that you do not pay tax on: allowable deductions such as alimony and business expenses …   Longman dictionary of contemporary English

  • allowable — allowableness, n. allowably, adv. /euh low euh beuhl/, adj. 1. that may be allowed; legitimate; permissible: an allowable tax deduction. n. 2. something, as an action or amount, that is allowed. 3. Ecol. See allowable cut. [1350 1400; ME < MF… …   Universalium

  • allowable — adjective Date: 15th century permissible < allowable income tax deductions > • allowably adverb …   New Collegiate Dictionary

  • allowable — adj. Allowable is used with these nouns: ↑expense, ↑limit …   Collocations dictionary


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