al·lo·ca·ble \ˈ ̷ ̷ ̷ ̷kəbəl\adjective oral·lo·cat·a·ble\-ˌkād.əbəl\ Etymology:allocable, contraction of allocatable; allocatable from allocate + -able 1.: capable of being allocated 2.in accounting: assignable to a particular account or to a particular period of time