pay·able 
/ˈpejəbəl/ adjective
always used after a noun /ˈpejəbəl/ adjective : possible or necessary to pay
▪ She charges her patients $3,000, payable in installments. ▪ The bill was payable [=due] on the first of February. ▪ The plan defines the maximum amount payable [=that will be paid] by the insurance company. ▪ (business) accounts payable [=the amounts of money that you owe to people or other businesses] — often + to ▪ benefits payable to the insured ◊If a check is made payable to someone, the name of that person or business is written on the check.
▪ All checks should be made payable to the university. ▪ Make your check payable to “Therapy Associates Inc.”
▪ She charges her patients $3,000, payable in installments. ▪ The bill was payable [=due] on the first of February. ▪ The plan defines the maximum amount payable [=that will be paid] by the insurance company. ▪ (business) accounts payable [=the amounts of money that you owe to people or other businesses] — often + to ▪ benefits payable to the insured ◊If a check is made payable to someone, the name of that person or business is written on the check.
▪ All checks should be made payable to the university. ▪ Make your check payable to “Therapy Associates Inc.”
