Allocable Cost
/ˈæləkəbl kɔst/
Definitions
- (n.) A cost that can be assigned or attributed to a specific legal entity, project, or expense category under applicable accounting or regulatory standards.
The allocable cost of the project was carefully calculated to comply with government contracting rules.
Forms
- allocable cost
Related terms
See also
Commentary
In legal and regulatory contexts, allocable costs must be traceable to a particular scope or activity to ensure proper cost recovery or compliance, especially in government contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.