Meaning of PAYABLE in English
pay ‧ a ‧ ble /ˈpeɪəb ə l/ BrE AmE adjective [not before noun]
[ Word Family: noun : ↑ pay , ↑ payment , ↑ repayment , ↑ payer , ↑ payee ; verb : ↑ pay , ↑ repay , ↑ underpay ≠ ↑ overpay ; adjective : paid ≠ ↑ unpaid , ↑ underpaid ≠ ↑ overpaid , ↑ payable ]
1 . a bill, debt etc that is payable must be paid
Tax is payable on the interest.
a fee of £49, payable by the tenant
State pensions become payable to women at age 60.
The rent is payable in advance.
2 . payable to somebody a cheque etc that is payable to someone has that person’s name written on it and should be paid to them:
Cheques should be made payable to the National Trust.
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012