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.

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