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.
Accounts Payable Internal Control Manual and Checklists -- includes specific internal control policies for more than a dozen processes, along with templates for creating a Code of Ethics and Sarbanes-Oxley Management Report, an internal controls check list and risk assessment checklist.
The Aberdeen Group's research uncovered that organizations that address and deploy accounts payable technology solutions holistically across four key elements of the invoice reconciliation and payment solution framework realize substantial benefits, including reductions in invoice processing costs, and accounts payable labor, as well as on-time payment improvements and greater early-payment discounts.
The launch of our ePayables software positions PurchasingNet as the only e-procurement provider that truly offers a complete procure-to-pay solution, linking a company's procurement, payables, and treasury goals," said Tim McEneny, co-founder and CEO of PurchasingNet.
As part of the agreement, DICOM has begun implementing Kofax Ascent for Payables, an accounts payable (AP) solution, across Carrefour locations in more than 20 countries on three continents (Europe, Asia, and South America).
The report, "Harnessing Payables to Capture A Second wave of Procurement Savings" demonstrates that companies which embrace a strategic, functionally integrated approach and successfully integrate e-invoicing, electronic payments, p-card and validation and reconciliation automation solutions will reap incremental savings of 2% to 17.
Open Text and PeopleSoft products, when integrated, will offer customers a document management solution that better manages the large volumes of content that flow through their PeopleSoft Enterprise Payables application," said Cynthia Pavana, Financial Management Product Manager for PeopleSoft.