When you want to process or parse something and you say it can be done, how do you say that the right way? Is it parsable, parseable, or processable? Which is right? I can't find any of them in dictionaries.
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Even though my spell checker is giving me a red squiggly line even as I type, the OED lists parsable as a word, meaning "able to be parsed," with a reference stretching back into the late 1800s.
Interestingly enough, though the OED lists four sample uses, none of them reference computer languages, which surprised me.
The OED does mention a more widely-used alternative word: analyzable.
Processable also gets listed as well, and my spell-checker is having no problem with that word.
So, you could use analyzable if you don't want to wave any red flags, processable if you want to look smart, and parsable if you want to appear erudite. :^)
On a more serious note, Wordnik also lists both words, with a fairly large handful of sample sentences for both.
Parseable strikes a hit also here, whereas TheFreeDictionary.com does not recognize the other spelling.
Both are used. "Parsable" is preferred in formal writing according to Wiktionary.