Pay"a*ble (?), a. [Cf. F. payable. Cf. Pacable.]
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.
© Webster 1913.