payable

  

Definition

Sum of money that ought to be paid, as agreed or required. See also payables.

Use payable in a sentence

  • The accounts payable section of our finances was higher than expected so we contacted our accounting department for some clarity.

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  • We are in dispute as to the amount payable as the vendor has yet to complete the underlying services giving rise to its invoice.

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  • A payable amount is simply another way of describing a balance that is still owed or due. If you owe your doctor $120 for services rendered, the bill may say "amount payable: $120" in place of "balance due."

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