payable

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Payable

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.

payable

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.

payable

adjective 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
References in periodicals archive ?
The payables side of the equation needs to be strategically managed to take advantage of discounts where appropriate, while extending certain payments to non-strategic suppliers.
The Trade Payables program provides suppliers with an unsecured, low-cost source of financing, which reduces the need to use existing credit lines to fund working capital requirements.
With Emergis e-Invoicing for Payables, companies can eliminate manual data entry while improving process efficiencies with online collaboration tools and dispute resolution -- in effect, providing a centralized view of where invoices are in the workflow for both buyers and suppliers.