Payable means due to be paid. Payable on delivery, payable in advance, cheques payable to.
It names when and to whom rather than how much — payable on the first of the month, payable to the council. In accounting, accounts payable is what a business owes and accounts receivable what it is owed, and the pair is the first thing anybody learns. Note pay, from the Latin for pacifying.
1adjectivepayableDue to be paid.
“The rent is payable on the first day of every month.”
payable is a quality of being due.
Latin
pācō — to pacify
Medieval Latin
pācāre — to settle, satisfy
Old French
paiier — pay
Middle English
payen
English
pay
English, today
payable
Built from
From pay + -able. pay comes from Middle English payen, from Old French paiier (“pay”), from Medieval Latin pācāre (“to settle, satisfy”) from Latin pācō (“to pacify”). In this sense, displaced native ġield and ġieldan (“to pay”), whence Modern English yield.
Etymology from Wiktionary, CC BY-SA