Definition of Payable
Payable
Pay·a·ble
Definition/Meaning
(adjective)
Amount of money that must be paid, often in a specific time period.
e.g. The invoice indicates that the payment is payable within 30 days.
(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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