Meaning of the word payable in English

What does payable mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

payable

US /ˈpeɪ.ə.bəl/
UK /ˈpeɪ.ə.bəl/
"payable" picture

Adjective

that must be paid or is due to be paid

Example:
The invoice is payable within 30 days.
All taxes are payable to the government.