ˈpāəbəl adjective
Etymology: Middle English paiable, from Middle French, from Old French, from paier to pay + -able — more at pay
1.
a. : requiring to be paid
bills payable
: capable of being paid
payable prices
: due
the interest is payable in advance
b. of a note, bill, or check : specifying payment to a particular payee
payable to John Doe
payable to cash
at a specified time or occasion
payable on demand
or in a specified manner
payable in monthly installments
2. : capable of being profitably worked
payable vein of ore
: profitable , paying
payable enterprise
payable crop of fruit