Definition, Meaning & Synonyms
payable
adjective
/ˈpeɪəbl/
Definition
An amount of money that is owed or due to be paid.
Examples
- The invoice is now payable within 30 days.
- Late fees may apply to any amount that is not payable by the due date.
- All salaries are payable at the end of the month.
Meaning
In a financial context, payable refers to sums of money that one party is required to pay to another.
Synonyms
- demandable
- due
- owed
