Meaning of “billable” in the English Dictionary

business-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)