IPA: //riˈɛlɪdʒəbl//
KK: /riˈɛlɪdʒəbl/
Able to be chosen or selected again for a position or role, especially in the context of elections.
After serving one term, the politician is now reeligible for election.
Reeligible → It is formed from "re-" (meaning again) and "eligible" (from Latin "eligibilis", meaning able to be chosen). The word "reeligible" means able to be chosen again or eligible once more.
Think of being 'able to be chosen again' — 're-' means again, and 'eligible' means able to be chosen.