Meaning of Payable

Payable

Language - English

Tamil Word - வழங்கத்தக்க

Due to be paid; that must be paid. In the context of Tamil Nadu real estate, payable refers to any amount of money that is owed or due to be paid, such as property taxes, rent, or outstanding loan installments. Example: The property tax for the current year is payable by the end of March. Timely payment of payable amounts is crucial in real estate transactions to avoid penalties, legal complications, or damage to creditworthiness. It is important to keep track of payment deadlines and ensure that all dues are settled on time.