For Payable we have terms and definitions in 3 topics. The topics are Accounting, Business and Tax.

is an amount awaiting payment to be madee.g. interest payable or taxes payable.
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Ready to be paid. One of the standard accounts kept by a bookÂkeeper is "accounts payable." This is a list of those bills that are current and due to be paid.
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An obligation to pay a sum at a future date.
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