Payable
/ˈpeɪəbəl/
Definitions
Required to be paid, especially in accordance with an agreement or law.
/ˈpeɪəbəl/
Required to be paid; due.
The rent is payable on the first of the month.
💡 Simply: Imagine you owe your friend money for pizza. If you HAVE to give the money to your friend, it is considered a payment *payable* at the time that it is due.
👶 For kids: Something that needs to be given back, like money!
More Examples
The outstanding balance is payable immediately.
The interest on the loan is payable monthly.
How It's Used
"The invoice is payable within 30 days."
"Accounts payable are recorded as a liability."
Idioms & expressions
accounts payable
A record of a company's obligations to pay its short-term debts to creditors.
"The accountant reviewed the accounts payable to ensure accuracy."
payable to
Designating the recipient of a payment.
"Make the check payable to John Smith."
From Middle English *paiable*, from Old French paiable, from paier ('to pay').
The word 'payable' has been used since the 14th century, primarily in legal and financial contexts.