1. That may, can, or should be paid; suitable to be paid; justly due.
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.
adj : subject to or requiring payment especially as specified; "a
collectible bill"; "a note payable on demand"; "a check
payable to John Doe" [syn: collectible, collectable]