Looking for the meaning or definition of the word payable? That's all it means.
a liability account showing how much is owed for goods and services purchased on credit
"the problem was to match receivables and payables in the same currency"
collectible, collectable, payable(adj)subject to or requiring payment especially as specified
"a collectible bill"; "a note payable on demand"; "a check payable to John Doe"
not yet paidkeep the bills payable separate from the receipts
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