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Meaning of “payable” - Learner’s Dictionary

payable

adjective     /ˈpeɪəbl/
money
describes something to be paid: Rent is payable monthly.Paying and spending money
cheque
If a cheque (= a piece of paper printed by a bank that you use to pay for things) is payable to a person, that person's name is written on the cheque and the money will be paid to them.Paying and spending moneyForms of money and methods of payment
(Definition of payable from the Cambridge Learner’s Dictionary © Cambridge University Press)
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