rateable
adjective
(alsoratable)uk/ˈreɪtəbl/usINSURANCE
a rateablepartof apaymentis theamountthat can bechargedto someoneelse:
Whereappropriatea ratableproportionof theclaimmay berecovereddirectfrom otherinsurers.
TAX
ableto betaxed:
Thegovernmentcurrentlyviewsfibre-opticcableas a rateableassetthatbusinessesshouldpaytaxon.