Definitions for "Payable"
In accounting this word is often included in the title of liability accounts. It means the amount owed by a company as of the balance sheet date, even if the company did not yet receive an invoice from the supplier. For example, the electric utility furnishes electricity for the month of January, but does not read the meter until February 1 and sends the invoice or bill on February 4. The company pays the bill on March 1. The electricity used in January is a payable or obligation on January 31. To learn more, see Explanation of Adjusting Entries. To Top
Something that has to be paid. One of the standard accounting forms is called "accounts payable" or "accounts receivable"
See accounts payable.
Keywords:  justly, ready, suitable, paid, due
That may, can, or should be paid; suitable to be paid; justly due.
Ready to be paid.
Keywords:  sum, obligation, future, date, pay
A legal obligation to pay a sum either immediately, or at a future date.
An obligation to pay a sum at a future date.
Keywords:  john, check, touch, demand, status
The Status of a check that has been entered into Keep In Touch but has not yet been printed or cut.
subject to or requiring payment especially as specified; "a collectible bill"; "a note payable on demand"; "a check payable to John Doe"
That may be discharged or settled by delivery of value.
Keywords:  matured, due
Matured; now due.