1. required to be paid; owed as a debt
2. able to be paid

1. an amount of money owed by a business
Usage: business/accounting

Examples

• The rent is payable on the first of each month.
• All invoices are payable within 30 days.
• The check should be made payable to the school district.
• The company’s accounts payable increased this quarter.
• Interest on the loan is payable annually.
• The fine is payable immediately upon receipt of the notice.