payable

ready to be paid. Glossary of Business Terms

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payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun]
1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date:

• Shareholders will receive a final dividend of 0.75p, payable on July 1.

• Sanders' donation was $450,000, payable over three years.

2. accounts payable ACCOUNTING money that a company owes; = Creditors Bre:

• The company's liabilities include accounts payable totaling $29.1 million.

3. dividends payable ACCOUNTING FINANCE a figure included in a company's accounts showing the amount that has been or will be paid in dividends for a particular period of time:

• Surprisingly, the profit and loss account reveals in the latest year that dividends payable were greater than profits for the year.

4. note payable ACCOUNTING a note relating to money that a company owes:

• Proceeds from the share offering will be used to repay a portion of the company's current notes payable.

— see also bills payable bill of exchange
5. payable to somebody BANKING a cheque that is payable to someone has that person's name written on it and must be paid only to them:

• Send a postal order or cheque for £2.50 made payable to Dent & Reuss Ltd.

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payable UK US /ˈpeɪəbl/ adjective [after verb]
FINANCE used for saying how or when an amount of money should be paid: »

The fees are payable monthly.

payable in sth »

The debt is payable in one lump sum or by instalments.

payable on January 1st/22nd May, etc. »

The final dividend will be 1.15p, payable on August 29.

»

Payment by check of cash dividends will ordinarily be mailed within three business days after the payable date.

BANKING if a cheque is payable to a person or an organization, the money will be paid to them because their name is written on it: »

Please make your cheque payable to Oxford Ecobuild.

payable on demand — Cf. payable on demand
payable to bearer — Cf. payable to bearer
payable to order — Cf. payable to order
See also ACCOUNTS PAYABLE(Cf. ↑accounts payable), BILLS PAYABLE(Cf. ↑bills payable), DIVIDENDS PAYABLE(Cf. ↑dividends payable), NOTE PAYABLE(Cf. ↑note payable)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • payable — [ pɛjabl ] adj. • 1481 paiavle « qui satisfait; de bonne qualité » 1255; de payer ♦ Qui doit être payé (dans certaines conditions de temps, de lieu, etc.). Payable en argent, en nature, en espèces, par chèque. ⇒ réglable. Objet payable en douze… …   Encyclopédie Universelle

  • payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I …   Law dictionary

  • payable — Payable. s. m. v. Qui doit estre payé en certain temps. Il ne se dit guere qu en parlant de l escheance des termes où l on doit payer. Une lettre de change payable à veüe. ce billet là n est payable qu à Noël. il est convenu de luy donner une… …   Dictionnaire de l'Académie française

  • Payable — Pay a*ble, a. [Cf. F. payable. Cf. {Pacable}.] 1. That may, can, or should be paid; suitable to be paid; justly due. Drayton. [1913 Webster] Thanks are a tribute payable by the poorest. South. [1913 Webster] 2. (Law) (a) That may be discharged or …   The Collaborative International Dictionary of English

  • payable — [pā′ə bəl] adj. 1. that can be paid 2. that is to be paid (on a specified date); due 3. that is or can be profitable, as a mine or business venture n. [pl.] accounts payable …   English World dictionary

  • payable — (adj.) late 14c., to be paid, from PAY (Cf. pay) (v.) + ABLE (Cf. able) …   Etymology dictionary

  • payable — [adj] to be paid due, mature, maturing, obligatory, outstanding, overdue, owed, owing, receivable, unpaid, unsettled; concept 334 Ant. paid, settled …   New thesaurus

  • payable — ► ADJECTIVE 1) that must be paid. 2) able to be paid …   English terms dictionary

  • payable — Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay… …   Black's law dictionary

  • PAYABLE — adj. des deux genres Qui doit être payé à certains termes ou à certaines personnes. Une lettre de change payable à vue, payable à jour préfix ou à jour nommé, payable à tant de jours de vue, payable à une ou à plusieurs usances, payable par corps …   Dictionnaire de l'Academie Francaise, 7eme edition (1835)

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