Definition of "payable" []

• Requiring payment on a certain date; due. (adjective)
• Requiring payment to a particular person or entity. (adjective)
• Capable of producing profit: a payable business venture. (adjective)
• Money owed to a creditor. Often used in the plural: tried to balance inventory, payables, and receivables. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "2,000 0.58 1,160 Total assets $2,600 $1,544 Accounts payable$ $ 400 0.66 $ 264 Notes payable"
• "I had a letter of credit in my possession for the sum of five thousand rupees, payable from the public treasuries of Lodiana or Delhi; and the Cabool merchants did not hesitate to accept it. 41"
• "In return, Sarwar Khan was given two hundis that served as money orders, one for Rs. 85,000 payable at the Ludiana treasury, and another for Rs. 15,000 payable from the Peshawar treasury. 107"