Definition of Payable
Payable
pay·a·ble
Definition/Meaning
(adjective)
required (due) to be paid or capable of being paid;
e.g. The fine is payable by the end of the month. This amount is payable by cash, debit card, or credit card.
(adjective)
yielding a profit, or offering some other benefit or advantage;
e.g. They offer this as a payable service for which there is an extra charge.
(noun)
a liability or a debt to be paid by a business;
e.g. The repairs were the largest payable on this years accounts.
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