payable Meaning, Definition & Usage

  1. noun a liability account showing how much is owed for goods and services purchased on credit
    account payable.
    • the problem was to match receivables and payables in the same currency
  2. adjective satellite subject to or requiring payment especially as specified
    collectible; collectable.
    • a collectible bill
    • a note payable on demand
    • a check payable to John Doe

WordNet

Pay"a*ble adjective
Etymology
Cf. F. payable. Cf. Pacable.
Definitions
  1. That may, can, or should be paid; suitable to be paid; justly due. Drayton.
    Thanks are a tribute payable by the poorest. South.
  2. (Law) (a) That may be discharged or settled by delivery of value. (b) Matured; now due.

Webster 1913