Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “payable”

payable

adjective [after verb]
 
 
/ˈpeɪəbl/
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 FINANCE used to describe a loan that may have to be paid back at any time, with little or no warning: Many business loans are payable on demand.
payable to bearer FINANCE used on a bond, cheque, etc. to state that the amount of money shown should be paid to the person who brings it for payment: Where a bill is not payable to bearer, the payee must be named.
payable to order FINANCE used on a bond, cheque, etc. to state that the amount of money shown should be paid to the person who is named on it: If an instrument is not payable to order or to bearer, it is not negotiable.
→ See also accounts payable, bills payable, dividends payable, note payable
(Definition of payable from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of payable?
Add Cambridge dictionaries to your browser to your website

Definitions of “payable” in other dictionaries

Word of the Day

bright spark

a person who is intelligent, and full of energy and enthusiasm

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More