Synonyms:
collectible, collectable, payable
Meaning: subject to or requiring payment especially as specified; "a collectible bill"; "a note payable on demand"; "a check payable to John Doe"
noun
meaning of the word
Synonyms:
account_payable, payable
Meaning: a liability account showing how much is owed for goods and services purchased on credit; "the problem was to match receivables and payables in the same currency"
Usage examples
But he made it payable, not to Mr. but to Mrs. Carroll.
You should indorse every check you deposit, even though it be payable to bearer.
Never mail a check drawn to "Bearer." Remember that if your check is made payable to "Bearer" or to "John Smith or Bearer" it may be cashed by anybody who happens to have it.
In that case, supposing you had adopted the form J. Henry Smith for your regular signature, and the check is made payable to John H. Smith, you should first write on the back of that check "John H. Smith," and immediately under this you should place your regular signature.
If you make your check payable say, to William Armstrong or order, nobody but William Armstrong, or some one to whom he indorses the check, can collect the amount, and if through fraud or otherwise some one not entitled to it gets the money which the check calls for, the responsibility is not yours, but the bank's.