relocatable
Computing term describing code or data that can be moved to a different memory location without modification.
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.
relocatable code
relocated address
relocatable program
Compound of 再配置 (relocation) + 可能 (possible). A straightforward technical term formed from standard Sino-Japanese morphemes.