payablepay·a·ble /ˈpeɪəbəl/ adjectiveadj [not before a noun]1ACCOUNTINGa bill, debt etc that is payable must be paid, often by a certain dateShareholders will receive a final dividend of 0.75p, payable on July 1.
Sanders’ donation was $450,000, payable over three years.
2accounts payable American EnglishAmEACCOUNTING money that a company owesSYN BrE CREDITORSThe company’s liabilities include accounts payable totaling $29.1 million.
3dividends payableACCOUNTINGFINANCE a figure included in a company’s accounts showing the amount that has been or will be paid in dividends for a particular period of timeSurprisingly, the profit and loss account reveals in the latest year that dividends payable were greater than profits for the year.
4note payableACCOUNTING a note relating to money that a company owesProceeds from the share offering will be used to repay a portion of the company’s current notes payable.
→ see also bills payable under bill of exchange 5payable to somebodyBANKING a cheque that is payable to someone has that person’s name written on it and must be paid only to themSend a postal order or cheque for £2.50 made payable to Dent & Reuss Ltd.