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Meaning of “billable” in the English Dictionary

"billable" in Business English

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billableadjective

uk   /ˈbɪləbl/ us   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.
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(Definition of billable from the Cambridge Business English Dictionary © Cambridge University Press)
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