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Payable

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Payable
1. An outstanding debt. A debt that one must pay to a creditor.

2. A current liability. Any debt that a company must pay within a year.

3. Accounts payable. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.

payable
That which is owed to another party as a debt.


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