Payable
Pronunciation : Pay"a*ble
Part of Speech : a.
Etymology : [Cf. F. payable. Cf. Pacable.]
Definition : 1. That may, can, or should be paid; suitable to be paid; justly due. Drayton. Thanks are a tribute payable by the poorest. South.
2. (Law) (a) That may be discharged or settled by delivery of value. (b) Matured; now due.
Source : Webster's Unabridged Dictionary, 1913