Money Payable
/ˈmʌni ˈpeɪəbl/
Definitions
- (n.) An amount of money that is due and must be paid under a legal obligation or contract.
The contract specifies the money payable upon completion of the work.
Forms
- money payable
Related terms
See also
Commentary
Use 'money payable' to denote specific sums required by agreement or statute; clarify whether the amount is fixed or subject to calculation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.