- payable
- ready to be paid. Glossary of Business Terms
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payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun]1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date:• Shareholders will receive a final dividend of 0.75p, payable on July 1.
• Sanders' donation was $450,000, payable over three years.
• The company's liabilities include accounts payable totaling $29.1 million.
3. dividends payable ACCOUNTING FINANCE a figure included in a company's accounts showing the amount that has been or will be paid in dividends for a particular period of time:• Surprisingly, the profit and loss account reveals in the latest year that dividends payable were greater than profits for the year.
• Proceeds from the share offering will be used to repay a portion of the company's current notes payable.
— see also bills payable ➔ bill of exchange5. payable to somebody BANKING a cheque that is payable to someone has that person's name written on it and must be paid only to them:• Send a postal order or cheque for £2.50 made payable to Dent & Reuss Ltd.
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payable UK US /ˈpeɪəbl/ adjective [after verb]► FINANCE used for saying how or when an amount of money should be paid: »The fees are payable monthly.
payable in sth »The debt is payable in one lump sum or by instalments.
payable on January 1st/22nd May, etc. »The final dividend will be 1.15p, payable on August 29.
»Payment by check of cash dividends will ordinarily be mailed within three business days after the payable date.
► BANKING if a cheque is payable to a person or an organization, the money will be paid to them because their name is written on it: »Please make your cheque payable to Oxford Ecobuild.
→ See also ACCOUNTS PAYABLE(Cf. ↑accounts payable), BILLS PAYABLE(Cf. ↑bills payable), DIVIDENDS PAYABLE(Cf. ↑dividends payable), NOTE PAYABLE(Cf. ↑note payable)
Financial and business terms. 2012.