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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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