payable

/'peiəbl/
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payable

The invoice is payable within 30 days.

Definition

  1. Adjective:

    • Subject to payment; requiring payment: Describes a debt, bill, or amount of money that is due and must be paid.
    • Able to be paid: Indicates that something can be settled with money.

  2. Noun:

    • (Usually plural: payables): A liability or amount of money that a company owes to its creditors for goods or services purchased on credit.
Usage
  • Adjective: Typically follows the noun it modifies (e.g., "bill payable") or is used with a preposition like "to" to specify the recipient.
  • Noun (payables): Used in accounting and business contexts to refer to the total short-term debts or a specific category of liabilities.
Examples
  • Adjective:
    • The invoice is payable within 30 days.
    • Make the check payable to the company treasurer.
  • Noun:
    • The accountant is reviewing the accounts payable.
    • The firm's payables increased this quarter due to new inventory purchases.
Advanced Usage
  • Legally payable: Refers to a sum that is due by law or contract.
    • The tax becomes legally payable on the first of the month.
  • Payable on demand: Describes a debt that must be paid immediately when the creditor requests it.
    • This is a note payable on demand.
Variants and Related Words
  • Account payable (n): A specific accounting entry representing money owed to a supplier.
  • Payee (n): The person or entity to whom money is to be paid.
  • Payer (n): The person or entity that makes a payment.
Synonyms
  • Due: Owed as a debt.
  • Owing: Still to be paid.
  • Collectible: Capable of being collected, especially a debt.
Antonyms
  • Receivable: Amounts owed to a company, awaiting collection.
  • Paid: Settled; no longer owed.
Related Financial Terms
  • Accounts Payable (A/P): A standard accounting term for the department or ledger that tracks money a company owes.
  • Notes Payable: Formal written promises to pay a specific sum by a certain date.
payable

The invoice is payable within 30 days.

Adjective
  1. subject to or requiring payment especially as specified
    • a collectible bill
    • a note payable on demand
    • a check payable to John Doe
Noun
  1. a liability account showing how much is owed for goods and services purchased on credit
    • the problem was to match receivables and payables in the same currency

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