Payable - English Definition & Meaning

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Definition

'Payable' refers to something that must be paid or is due for payment. Think of it as a bill you receive each month โ€“ it's 'payable' by a specific date ๐Ÿ“…. Unlike something that's free, a 'payable' item comes with a cost you must cover. It could be a rent, taxes, or a loan installment. When something is 'payable,' it creates a financial obligation. Ignoring 'payable' items can lead to late fees or other penalties.

Etymology

The word 'payable' comes from 'pay,' meaning to give money in exchange for goods or services, combined with the suffix '-able,' indicating capability or suitability. 'Pay' itself comes from the Latin 'pacare,' meaning 'to appease' or 'to satisfy.' Originally, 'paying' meant settling a debt to bring about peace or satisfaction.

Related Words

Examples

  • "The rent is 'payable' on the first of each month."
  • "The invoice is 'payable' within 30 days."
  • "All taxes are 'payable' by April 15th."
  • "The loan is 'payable' in monthly installments."

Anecdote / Story

Remember in 'Harry Potter' when the Weasleys struggled to pay for school supplies? They had many 'payable' expenses, and it was a constant source of stress. Keeping track of what's 'payable' is crucial, even in the wizarding world! ๐Ÿง™โ€โ™‚๏ธ

Encouragement

Use 'payable' when discussing financial obligations or due dates. It's a clear and concise way to communicate payment requirements. Stay on top of your vocab just like your bills! ๐Ÿ‘

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