Reckonable

Reckonable is an adjective used to describe something that can be counted, calculated, or taken into consideration. It implies that an item or factor is of sufficient importance or relevance to be included in a sum, assessment, or judgment. The term is often encountered in legal, financial, and statistical contexts. For instance, in insurance, a reckonable loss is one that can be claimed under a policy. In accounting, reckonable income refers to earnings that are subject to taxation. Similarly, in employment law, reckonable service is the period of time an employee has worked for an employer, which can determine their entitlement to certain benefits or redundancy pay. The core idea behind reckonable is that something is eligible for inclusion in a specific calculation or consideration. It signifies that a particular element is not arbitrary but has a defined role in a process of evaluation or quantification.