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Definition of “payable” - English Dictionary

"payable" in British English

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payableadjective [after verb]

uk   /ˈpeɪ.ə.bəl/  us   /ˈpeɪ.ə.bəl/
(Definition of payable from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"payable" in Business English

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payableadjective [after verb]

uk   us   /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 ​lumpsum or by ​instalments.payable on January 1st/22nd May, etc. The ​finaldividend will be 1.15p, payable on August 29. Payment by ​check of ​cashdividends 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 ​businessloans 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.
(Definition of payable from the Cambridge Business English Dictionary © Cambridge University Press)
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“payable” in Business English

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