payable >> ˈpeɪəb(ə)l
Definition: [adjective] (of money) required to be paid; due.
Example: interest is payable on the money owing
Definition: [adjective] able to be paid.
Example: it costs just $195, payable in five monthly instalments
Definition: [noun] debts owed by a business; liabilities.
Example: accounts payable (excluding customer refunds and construction payables)