[Adjective] Something that can be taken in or withdrawn. Example: My retractable washing line can be hidden away when I have visitors.
Found on http://www.bbc.co.uk/skillswise/glossary/
Re·tract'a·ble (-ȧ*b'l) adjective [ Confer French rétractable .] Capable of being retracted; retractile. Found on http://www.encyclo.co.uk/webster/R/68