Payable
(adjective)
- Able to be paid, in reference to a debt or an invoice.
- Requiring payment, in reference to an obligation or a responsibility.
- Awaiting payment, in reference to a financial transaction or an account.
Origin:
From the verb pay, meaning the act of giving money in exchange for goods or services, which comes from the old english word paegian (to pacify or make peace).
Examples:
- The invoice is payable within 30 days.
- The rent is payable on the first of every month.
- The debt is payable in full within 90 days.
- The bill is payable in cash or credit card.
- The account is payable on demand.