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Meaning of “billable” in the English Dictionary

"billable" in Business English

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uk   us   /ˈbɪləbl/ COMMERCE, FINANCE
used to describe ​timespentworking that you can ​chargemoney for: Some ​firmscharge a ​flatfee rather than using a ​system of billable ​hours. All ​emergency incidents are billable for a ​minimum of two ​hours for all ​contracttypes. 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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