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Glite Dictionary
💵 Due to be paid 📄 Amounts owed 🪙 Can receive crypto
payable

payable

4 5.3
An amount of money a business owes for goods or services bought on credit
  • noun
  • /ˈpeɪəbl/
  • Specialized
translation icon : cuenta por pagar
  • An objective of the purchasing/payables cycle is to ensure that payments are made only for resources actually received.
  • Accounts Payable
  • Accounts Payable
  • Accounts Receivable

You learn about supply chain and accounts payable and balance sheets and all those kind of things.

Examples

  • The most popular feeder system is Accounts Payable.

    Academic text (1992)

  • 2c: The Accounts Payable system is the most widely used feeder system.

    Academic text (1992)

  • Payable to the City of San Francisco.

    The Pursuit of Happyness (2006)

  • Payable by wire, no cash.

    The Rhythm Section (2020)

  • Corporate Accounts Payable.

    Office Space (1999)

  • For example, in the "Balance Sheet" taxonomy, the element "Accounts Payable" has two sub-elements or "children": "Trade Accounts Payable" and "Other Accounts Payable."

    Academic text (2002)

  • Payable transactions are entered at the regional offices and transmitted to NYCCC for processing.

    Academic text (1999)

  • The company's annual report notes that the "future minimum royalties payable" for 2012 stood at $151 million.

    Blog text (32)

  • At NYCCC, the Input/Output Control (LOC) Group is responsible for company-wide Accounts Payable processing and check printing.

    Academic text (1999)

  • The finance department tracked each payable to ensure timely payments to suppliers.

Synonyms

accounts payable
vspayable
  • Specialized
1 3.7

Money a company owes suppliers for goods or services bought on credit

refers to one owed sum rather than the collective listed items
liabilities
vspayable
  • Specialized
1 4.8

Money that a person or company owes to others

is limited to individual trade debts owed for goods or services
account payable
vspayable
  • Specialized
4.4

Money a company owes for goods or services it has received but not paid for

is the same sense but presented in a different word form
payables
vspayable
  • Specialized
4.7

Money a company owes to people or companies that it must pay soon

focuses on a single owed amount rather than multiple upcoming debts

Antonyms

receivable
  • Specialized
6 6.5

Money that a company expects to receive from customers

Compounds

accounts payable
  • Specialized
1 3.7

Money a company owes suppliers for goods or services bought on credit

account payable
  • Specialized
4.4

Money a company owes for goods or services it has received but not paid for

note payable
  • Specialized
6.1

A written promise to pay a set amount of money on a future date

Surface Forms

payable singular
payables plural

Etymology

Payable comes from the verb pay plus the ending -able, and the old verb pay came from a word meaning 'peace' because giving money often 'made peace' over a debt. So a payable in accounting is an amount a business owes and must pay to settle that debt.