payable | Wex | US Law | LII Legal Information Institute “Payable” is a descriptive term denoting a sum of money that may, can, is to be, or should be paid The meaning depends on the context and jurisdiction The term frequently appears in insurance, bills, and bankruptcy proceedings
PAYABLE - The Law Dictionary A sum of money is said to be payable when a person is under an obliga- tion to pay it “Payable” may therefore signify an obligation to pay at a future time, but, when used without qualification, “payable” means that the debt is payable at once, as opposed to “owing ”
payable definition and meaning | AccountingCoach 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
payable - definition and meaning - Wordnik Profitable; likely to be profitable or to pay: as, payable rock, gravel, quartz, etc , meaning yielding or likely to yield gold; a payable enterprise, one yielding or likely to yield profit
Payable: meaning and definition - atton-consulting. com Payable is an essential component of a company's financial records, reflecting outstanding amounts owed to creditors, suppliers, or lenders Often appearing as a current liability on the balance sheet, payable signifies that the payment is expected within a relatively short time frame