pay•a•blePronunciation: (pā'u-bul), [key]
to be paid; due: a loan payable in 30 days.
capable of being or liable to be paid.
imposing an immediate obligation on the debtor.
an amount, bill, etc., that is to be paid.
the accounts payable of a business: Payables are now handled by our computer.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.