payable


payable
Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay at a future time, but, when used without qualification, term normally means that the debt is payable at once, as opposed to "owing." Payable after sight. Means that instrument is payable after acceptance of bill or protest for nonacceptance
@ payable on demand
Instruments payable on demand include those payable at sight or on presentation and those in which no time for payment is stated. U.C.C. No. 3-108
@ payables
@ payable to bearer
A negotiable instrument is payable to bearer when by its terms it is payable to
(a) bearer or the order of bearer; or
(b) a specified person or bearer; or
(c) "cash" or the order of "cash", or any other indication which does not purport to designate a specific payee. U.C.C. No. 3-111.
See also negotiation
@ payable to order
A negotiable instrument is payable to order when by its terms it is payable to the order or assigns of any person therein specified with reasonable certainty, or to him or his order, or when it is conspicuously designated on its face as "exchange" or the like and names a payee. U.C.C. No. 3-110.
See also negotiation
@

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • payable — [ pɛjabl ] adj. • 1481 paiavle « qui satisfait; de bonne qualité » 1255; de payer ♦ Qui doit être payé (dans certaines conditions de temps, de lieu, etc.). Payable en argent, en nature, en espèces, par chèque. ⇒ réglable. Objet payable en douze… …   Encyclopédie Universelle

  • payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I …   Law dictionary

  • payable — Payable. s. m. v. Qui doit estre payé en certain temps. Il ne se dit guere qu en parlant de l escheance des termes où l on doit payer. Une lettre de change payable à veüe. ce billet là n est payable qu à Noël. il est convenu de luy donner une… …   Dictionnaire de l'Académie française

  • Payable — Pay a*ble, a. [Cf. F. payable. Cf. {Pacable}.] 1. That may, can, or should be paid; suitable to be paid; justly due. Drayton. [1913 Webster] Thanks are a tribute payable by the poorest. South. [1913 Webster] 2. (Law) (a) That may be discharged or …   The Collaborative International Dictionary of English

  • payable — [pā′ə bəl] adj. 1. that can be paid 2. that is to be paid (on a specified date); due 3. that is or can be profitable, as a mine or business venture n. [pl.] accounts payable …   English World dictionary

  • payable — (adj.) late 14c., to be paid, from PAY (Cf. pay) (v.) + ABLE (Cf. able) …   Etymology dictionary

  • payable — [adj] to be paid due, mature, maturing, obligatory, outstanding, overdue, owed, owing, receivable, unpaid, unsettled; concept 334 Ant. paid, settled …   New thesaurus

  • payable — ► ADJECTIVE 1) that must be paid. 2) able to be paid …   English terms dictionary

  • payable — ready to be paid. Glossary of Business Terms * * * payable pay‧a‧ble [ˈpeɪəbl] 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… …   Financial and business terms

  • PAYABLE — adj. des deux genres Qui doit être payé à certains termes ou à certaines personnes. Une lettre de change payable à vue, payable à jour préfix ou à jour nommé, payable à tant de jours de vue, payable à une ou à plusieurs usances, payable par corps …   Dictionnaire de l'Academie Francaise, 7eme edition (1835)