Definitions for: Payable

[adj] subject to or requiring payment especially as specified; "a collectible bill"; "a note payable on demand"; "a check payable to John Doe"

Webster (1913) Definition: Pay"a*ble, a. [Cf. F. payable. Cf. Pacable.]
1. That may, can, or should be paid; suitable to be paid;
justly due. --Drayton.

Thanks are a tribute payable by the poorest.
--South.

2. (Law)
(a) That may be discharged or settled by delivery of
value.
(b) Matured; now due.

Synonyms: collectable, collectible, due, owed

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