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Justly due; legally enforceable.
A sum of money is said to be payable when a person is under an obligation to pay it. The term may therefore signify an obligation to pay at a future time, but when used without qualifi-cation, it ordinarily means that the debt is due to be paid immediately.
1) adj. referring to a debt which is due. A debt may be owed, but not yet payable until a certain date or event. 2) n. a debt which is due. "Payables" are all the liabilities (debts) of a business.
payableadjective collectable, due, justly claimable, mature, maturing, outstanding, owing, redeemable, uncollected, unpaid, unsatisfied, unsettled
Associated concepts: accounts payable, bills payable, due and payable, payable to bearer, payable upon demand, sum payable
See also: delinquent, outstanding, overdue, receivable, unpaid