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/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.
Etymology
From Middle English paien, from Old French paier, from Latin pacare, meaning to pacify or satisfy.
Common Phrases and Expressions
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.
Related Words
Slang Meanings
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.