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English definition of “payable”

payable

adjective [after verb] uk   /ˈpeɪ.ə.bl̩/ us  
C1 that should be paid: Interest payments are payable monthly.Borrowing, lending and debtPaying and spending money C1 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 WWF.Paying and spending money
(Definition of payable from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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