deniability

[dih-nahy-uh-bil-uh-tee]
noun
the ability to deny something, as knowledge of or connection with an illegal activity.

Origin:
1970–75; deniable + -ity

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Its all designed to provide the operations with cover and plausible deniability.
Coaches look the other way and deniability protects the program, which annually
  raises millions.
Of course, plausible deniability leads to them accusing us of being
  thin-skinned or unable to take a joke.
The whistle-pig has an option, call it deniability, for his whereabouts.
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