Payable
/ˈpeɪəbl/
Definitions
- (adj.) Due to be paid; owed at a stated time or on demand.
The invoice is payable within 30 days.
- (adj.) Capable of being paid or discharged by payment.
The debt is payable in monthly installments.
Related terms
See also
Commentary
Often used in contracts to specify timing and conditions of financial obligations.
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.