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English definition of “payable”

payable

adjective [after verb]     /ˈpeɪ.ə.bl̩/
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 adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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