Wordnet 3.0
ADJECTIVE (2)
1. 
 admitting of bail; 
- Example: "a bailable offense"2. 
 eligible for bail; 
- Example: "a bailable defendant"
The Collaborative International Dictionary of English v.0.48:
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.
      [1913 Webster]
   2. Admitting of bail; as, a bailable offense.
      [1913 Webster]
   3. That can be delivered in trust; as, bailable goods.
      [1913 Webster]
WordNet (r) 3.0 (2006):
bailable
    adj 1: admitting of bail; "a bailable offense"
    2: eligible for bail; "a bailable defendant"