na-adjective
relocatable
Computing term describing code or data that can be moved to a different memory location without modification.
このプログラムは再配置可能なコードで構成されている。
This program consists of relocatable code.
再配置 is the noun 'relocation' or 'rearrangement', while 再配置可能 adds the meaning of 'possible' or 'capable of being relocated', functioning as an adjectival noun.
Compound of 再配置 (relocation) + 可能 (possible). A straightforward technical term formed from standard Sino-Japanese morphemes.