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English definition of “allowable”

allowable

adjective     /əˈlaʊəbl̩/
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.
(Definition of allowable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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