payable
Requiring eventual payment
Payable means owed or required to be paid: The balance is payable upon receipt.
In business, accounts payable are debts a company owes to suppliers—the opposite of accounts receivable.
A check made payable to someone has their name as the designated recipient.
Something payable on demand can be collected whenever the holder chooses.
Borrowed money repaid later
- creditorOne owed money
- borrowerOne who takes temporarily
- interestAttention, stake, or fee
- principalChief school administrator
default · mortgage · arrears · lender · insolvency · bankruptcy · collateral · debenture
Financial record book
- accountsRecords of transactions
- bookkeepingRecording financial transactions systematically
- receivableAwaiting payment
- journalRecord of daily events
accrual · financials · liabilities · assets · equity · general ledger · trial balance · balance sheet
When payment is required
- maturityFull growth achieved
- deadlineTime limit for completion
- grace periodAllowed delay before consequences
- net 30Invoice due in month
on demand · installment · schedule · terms · overdue · past due · current · aging
Legal or financial obligation
- commitmentFirm pledge to act
- dutyRequired moral task
- covenantBinding formal pledge
- guaranteeFormal promise of fulfillment
bond · encumbrance · contractual · binding · enforceable · legal · conditional · unconditional
Funds sent elsewhere
- disbursementDistribution of funds
- transferMove between locations
- clearancePermitted passage or approval
- fundsAvailable financial resources
check · wire · direct deposit · electronic · cash · draft · money order · payout
Charging for services rendered
- statementExpressed claim or fact
- remittanceFunds sent elsewhere
- itemizationCataloging into distinct entries
- purchase orderBuyer's formal acquisition document
vendor · supplier · charge · line item · voucher · approval · processing · matching
loan
Borrowed money repaid later
principal · default · mortgage · arrears · lender · insolvency · bankruptcy · collateral · debenture · liability
ledger
Financial record book
- accountsRecords of transactions
- bookkeepingRecording financial transactions systematically
- receivableAwaiting payment
journal · accrual · financials · liabilities · assets · equity · general ledger · trial balance · balance sheet · audit
due date
When payment is required
- maturityFull growth achieved
- deadlineTime limit for completion
- grace periodAllowed delay before consequences
net 30 · on demand · installment · schedule · terms · overdue · past due · current · aging · prompt
liability
Legal or financial obligation
- commitmentFirm pledge to act
- dutyRequired moral task
- covenantBinding formal pledge
guarantee · bond · encumbrance · contractual · binding · enforceable · legal · conditional · unconditional · contingent
remittance
Funds sent elsewhere
- disbursementDistribution of funds
- transferMove between locations
- clearancePermitted passage or approval
funds · check · wire · direct deposit · electronic · cash · draft · money order · payout · release
billing
Charging for services rendered
- statementExpressed claim or fact
- remittanceFunds sent elsewhere
- itemizationCataloging into distinct entries
purchase order · vendor · supplier · charge · line item · voucher · approval · processing · matching · dispute
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts receivable
- billingbilling, bill, invoices, invoicing, payments
- finance termsnet profit, gross profit, budget, credit, debt
- business adjectivescommercial, corporate, economic, financial, fiscal
- Unpaidowing, debt, bills, arrears, unsettled
- expensesexpenses, expense, expenditure, cost, costs