Answer : It can be loaded at-most anywhere in the memory
A Relocatable program is one that can be read into memory at any address and executed without modification.
Or
A Relocatable program form is one which consists of a program and relevant information for its relocation. Using this information it is possible to relocate the program to execute from a storage area then the one designated for it at the time of its coding or translation.
A Non Relocatable program is one which cannot be made to execute in any area of storage other than the one designated for it at the time of its coding or translation.
