D defs.my
Entry 2 senses Webster, 1913

Payable

/pā'-əb-əl/ · Pay·a·ble · IPA /ˈpeɪəbl̩/
01 a. That may, can, or should be paid; suitable to be paid; justly due.
  1. 1.
    That may, can, or should be paid; suitable to be paid; justly due.
    “Thanks are a tribute payable by the poorest.” South.
  2. 2.
    That may be discharged or settled by delivery of value.(Law)