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English definition of “billable”

billable

adjective     /ˈbɪləbl/ COMMERCE, FINANCE
used to describe time spent working that you can charge money for: Some firms charge a flat fee rather than using a system of billable hours. All emergency incidents are billable for a minimum of two hours for all contract types. In this example the billable rate is $120 dollars an hour.
→ See also chargeable
(Definition of billable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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