The Collaborative International Dictionary of English v.0.48:

Reclaimable \Re*claim"a*ble\ (r[-e]*kl[=a]m"[.a]*b'l), a.
   That may be reclaimed.
   [1913 Webster]

WordNet (r) 3.0 (2006):

reclaimable
    adj 1: capable of being used again [syn: reclaimable,
           recyclable, reusable]