Payable

/ˈpeɪ.ə.bəl/

Meaning & Definition

noun

A sum of money that is owed and must be paid.

The accounts payable increased this quarter due to new supplier contracts.

adjective

Due to be paid; outstanding.

The invoice is payable within 30 days of receipt.

Applicable to be paid; capable of being paid.

Only cash or credit card payments are payable at this point.

Legal obligation to pay an amount.

The company has several accounts payable that need to be settled.

From Middle English paien, from Old French paier, from Latin pacare, meaning to pacify or satisfy.

payable on demand

An amount that is due for payment whenever requested.

payable in installments

Payments that are made in small amounts over time.

accounts payable

Money owed by a company to its creditors.

payment

The act of giving money in exchange for goods or services.

due

Something that is owed or payable.

debt

Something, typically money, that is owed or due.

On the hook

If the project fails, I'm still on the hook for the costs.

Cash out

Don't worry, you'll cash out that loan sooner than you think.