\Pay"a*ble\, a. [Cf. F. payable. Cf. {Pacable}.]
1. That may, can, or should be paid; suitable to be paid;
   justly due. --Drayton.

         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.