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/

Noun

1.

debts owed by a business; liabilities.

Example:
accounts payable (excluding customer refunds and construction payables)

Adjective

1.

(of money) required to be paid; due.

Example:
interest is payable on the money owing
2.

able to be paid.

Example:
it costs just $195, payable in five monthly installments
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