Partible

from WordNet (r) 3.0 (2006)

partible
    adj 1: (of e.g. property) capable of being parted or divided; "a
           partible estate"

from The Collaborative International Dictionary of English v.0.48

Partible \Part"i*ble\, a. [L. partibilis, fr. partire to part,
   divide, fr. L. pars: cf. F. partible. See {Part}.]
   Admitting of being parted; divisible; separable; susceptible
   of severance or partition; as, an estate of inheritance may
   be partible. "Make the molds partible." --Bacon.
   [1913 Webster]