Payable for Dummies
noun
pronunciation: 'peɪəblWhat does Payable really mean?
Payable is a word that we use to talk about something that needs to be paid or is capable of being paid. It's like when you have a bill that comes in the mail and it says "payable" on it. That means that you have to pay the amount that is owed. So, when we say something is "payable," it means that there is a certain amount of money that needs to be given in exchange for something else.
Let me explain it further with an example. Imagine you go to a store and you really want to buy a toy. You see the toy, you pick it up, and you take it to the cashier. The cashier looks at the price tag and says, "This toy is $10 payable." What that means is that if you want to take the toy home, you need to give the cashier $10. Once you have paid the $10, the toy becomes yours. It's like making a trade - you're giving money in exchange for the toy.
Now, there can be different meanings of "payable" depending on the context in which it's used. For example, "payable" can also refer to the ability to be paid. Let's say you did a job for someone, like mowing their lawn, and they owe you $20. You give them an invoice, which is like a bill, that says "Amount due: $20 payable upon receipt." This means that the person has to pay you the $20 that they owe you as soon as they receive the invoice.
In summary, "payable" means that something needs to be paid or is capable of being paid. It's like when you have to give money in exchange for something else, like a toy or a service. So, the next time you see or hear the word "payable," just think about it as giving or receiving money for something.
Let me explain it further with an example. Imagine you go to a store and you really want to buy a toy. You see the toy, you pick it up, and you take it to the cashier. The cashier looks at the price tag and says, "This toy is $10 payable." What that means is that if you want to take the toy home, you need to give the cashier $10. Once you have paid the $10, the toy becomes yours. It's like making a trade - you're giving money in exchange for the toy.
Now, there can be different meanings of "payable" depending on the context in which it's used. For example, "payable" can also refer to the ability to be paid. Let's say you did a job for someone, like mowing their lawn, and they owe you $20. You give them an invoice, which is like a bill, that says "Amount due: $20 payable upon receipt." This means that the person has to pay you the $20 that they owe you as soon as they receive the invoice.
In summary, "payable" means that something needs to be paid or is capable of being paid. It's like when you have to give money in exchange for something else, like a toy or a service. So, the next time you see or hear the word "payable," just think about it as giving or receiving money for something.
Revised and Fact checked by James Thompson on 2023-10-29 19:54:00
Payable In a sentece
Learn how to use Payable inside a sentece
- When you go to a store and buy something, you have to give money to the cashier. The amount of money you gave is called payable.
- If you borrow money from a friend and promise to give it back, that borrowed money becomes payable.
- When you order something online and choose to pay with a credit card, you will receive a bill stating the amount payable.
- At the end of the month, your parents receive a utility bill for electricity, water, and other services which shows the total amount payable.
- When you go out to eat at a restaurant, you usually get a bill that shows the total amount payable for the food you ordered.
Payable Synonyms
Words that can be interchanged for the original word in the same context.
Payable Hypernyms
Words that are more generic than the original word.
Payable Similar Words
Words that similar to the original word, but are not synonyms.