Meaning of “allowable” in the English Dictionary

"allowable" in Business English

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/əˈlaʊəbl̩/ uk us

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:

Training costs are allowable as a business deduction.

(Definition of “allowable” from the Cambridge Business English Dictionary © Cambridge University Press)