Definition of "payable"
  1. A financial obligation or debt that is due and requires payment. In the context of business, it refers to all the debts owed by the company
How to use "payable" in a sentence
  1. The loan was payable in six months, requiring the borrower to plan their finances in advance.
  2. The utility bills payable were an essential part of the company's monthly financial outgo.
  3. The mortgaged property had outstanding debt that was immediately payable.

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