Definitions for "Allowable"
Keywords:  praiseworthy, laudable
Praiseworthy; laudable.
Proper to be, or capable of being, allowed; permissible; admissible; not forbidden; not unlawful or improper; as, a certain degree of freedom is allowable among friends.
possible to allow; "a degree of freedom allowable among friends"
Keywords:  rrc, mer, leasehold, proration, oil
The maximum amount of oil or gas a well or field is permitted to produce per day. It is typically set by state regulating agencies, after considering the economic market for the product, the maximum efficient rate (MER), and other factors.
A limit of production placed on a well by state authorities during a given period.
Amount of oil or gas which a well, leasehold or field may produce per month under proration orders of the RRC.
SALE QUANTITY (ASQ) – The quantity of timber that may be sold from an area covered by a forest plan during a time period that the plan specifies.  Each forest plan that provides for a timber sale program must establish a standard that sets the ASQ.  The ASQ is a ceiling.  It is not a future sale level projection or target and does not reflect all factors that may influence future sale levels.
preservation price ceiling for individual work types or in total, for work done to a property per investor guidelines
Keywords:  deserving, considered
deserving to be allowed or considered
deductible according to the tax laws
Amount allowed for processing identified claims. The formula is: disallowed dollars deducted from charges submitted.