payable
/ˈpejəbəl/
adjective
Britannica Dictionary definition of PAYABLE
always used after a noun
:
possible or necessary to pay
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She charges her patients $3,000, payable in installments.
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The bill was payable [=due] on the first of February.
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The plan defines the maximum amount payable [=that will be paid] by the insurance company.
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(business) accounts payable [=the amounts of money that you owe to people or other businesses]
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often + to
◊ If a check is made payable to someone, the name of that person or business is written on the check.