Longman Dictionary of Contemporary English homepage

Topic: LOANS

payable

 adjective
     
pay‧a‧ble [not before noun]
1BFL a bill, debt etc that is payable must be paid
payable on
Tax is payable on the interest.
payable by
a fee of £49, payable by the tenant
payable to
State pensions become payable to women at age 60.
2

payable to somebody

BFB 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.
Definition of payable from the Longman Dictionary of Contemporary English within
the topic LOANS
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