Yes, is is a Scrabble word!

Verb

1. Have the quality of being; (copula, used with an adjective or a predicate noun)

2. Be identical to; be someone or something

3. Occupy a certain position or area; be somewhere

4. Have an existence, be extant

5. Happen, occur, take place; this was during the visit to my parents' house"

6. Be identical or equivalent to

7. Form or compose

8. Work in a specific place, with a specific subject, or in a specific function

9. Represent, as of a character on stage

10. Spend or use time

11. Have life, be alive

12. To remain unmolested, undisturbed, or uninterrupted -- used only in infinitive form

13. Be priced at