NOUN (1)

1. something that can be provided as the product of development;
- Example: "under this contract the deliverables include both software and hardware"


ADJECTIVE (1)

1. suitable for or ready for delivery;

The Collaborative International Dictionary of English v.0.48:

Deliverable \De*liv"er*a*ble\, a.
   Capable of being, or about to be, delivered; necessary to be
   delivered. --Hale.
   [1913 Webster]

WordNet (r) 3.0 (2006):

deliverable
    adj 1: suitable for or ready for delivery
    n 1: something that can be provided as the product of
         development; "under this contract the deliverables include
         both software and hardware"