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 Definition of 'payable':

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1. (noun) account payable, payable
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"

2. (adj) collectible, collectable, payable
subject to or requiring payment especially as specified
"a collectible bill"; "a note payable on demand"; "a check payable to John Doe"
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"payable." Definitions.net. STANDS4 LLC, 2008. 28 August. 2008. http://www.definitions.net/definition/payable
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