to be paid; due: a loan payable in 30 days.
capable of being or liable to be paid.
Law. imposing an immediate obligation on the debtor.
an amount, bill, etc., that is to be paid.
payables, the accounts payable of a business: Payables are now handled by our computer.

1400–50; late Middle English; see pay1, -able

payability, payableness, noun
payably, adverb
unpayable, adjective
unpayably, adverb Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
payable (ˈpeɪəbəl)
1.  (often foll by on) to be paid: payable on the third of each month
2.  that is capable of being paid
3.  capable of being profitable
4.  (of a debt) imposing an obligation on the debtor to pay, esp at once

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
For example, a company has accounts payable and accounts receivable.
All applicable airport taxes and other official charges are payable by the
  winner prior to ticketing.
The priest of the parish came with all imaginable politeness to desire a note
  of him, payable to the bearer in the other world.
Accounts payable clerks in some departments dropped from hundreds to handfuls
  of people.
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