payable

Etymology

pay + -able

adj

  1. Due to be paid.
    Is value-added tax payable on planning application fees?
  2. Able to be paid.
  3. Of a mine etc.: capable of yielding profit; profitable.

noun

  1. (in the plural) Debts owed by a business; liabilities.
  2. (sometimes postpositive) A thing that may be paid.
    […] money paid under it is to be returned, and money payable shall cease to be so. 2003, Richard Stone, Contract Law Q and A 2003-2004

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