A more thorough explanation:

Definition: Caveatable (kay-vee-at-uh-buhl) is an adjective that describes a legal or equitable interest that can be protected by a caveat.

A caveat is a legal notice that can be filed to prevent someone else from taking certain actions, such as selling property or making changes to a will. If a legal or equitable interest is caveatable, it means that it can be protected by filing a caveat.

Example: John has a caveatable interest in his late father's estate. He believes that his stepmother is trying to sell off some of the assets before he can receive his fair share. John files a caveat to prevent the sale until the matter can be resolved in court.

Explanation: In this example, John's interest in his father's estate is caveatable because he has a legal right to a portion of the assets. By filing a caveat, he can protect his interest and prevent his stepmother from selling off any assets before the matter is resolved in court.