Source : Webster's Revised Unabridged Dictionary (1913)

Bailable \Bail"a*ble\, a.
   1. Having the right or privilege of being admitted to bail,
      upon bond with sureties; -- used of persons. ``He's
      bailable, I'm sure.'' --Ford.

   2. Admitting of bail; as, a bailable offense.

   3. That can be delivered in trust; as, bailable goods.

Source : WordNet®

bailable
     adj 1: admitting of bail; "a bailable offense"
     2: eligible for bail; "a bailable defendant"