amount payable

USAGE SUMMARY

The phrase "amount payable" is correct and usable in written English.
It is typically used in financial contexts to indicate the total sum of money that is due to be paid. Example: "The invoice states that the total amount payable is $500, which is due by the end of the month."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

31 human-written examples

The committee may alter the amount payable if it believes it is significantly higher than that for similar local properties.

The Guardian - Money

The amount payable is based not on a person's or a company's total net wealth but on gross value without regard to debts.

Encyclopedia Britannica

The mortgagors are sent a one page description of the new terms and shown the lower current amount payable under the new deal with their monthly bill.

The New York Times

The maximum amount payable if the commission, which enforces European Union laws, demands repayment by Apple could be €800m, according to one expert.

The Guardian - Tech

Sony Ericsson and Nokia suggested in 2008 that the amount payable per handset should be capped at less than 10% of the handset price.

The Guardian - Tech

The penalty of the bond (the maximum amount payable for any one loss) is unchanged from year to year and is not cumulative.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

29 human-written examples

Most amounts payable to the company's suppliers (accounts payable), to employees (wages payable), or to governments (taxes payable) are included among the current liabilities.

Encyclopedia Britannica

Noncurrent liabilities consist mainly of amounts payable to holders of the company's long-term bonds and such items as obligations to employees under company pension plans.

Encyclopedia Britannica

"Helios and Matheson may use the net proceeds from this offering to increase the Company's ownership stake in MoviePass or to support the operations of MoviePass and MoviePass Ventures; to satisfy a portion or all of any amounts payable in connection with previously issued convertible notes; and for general corporate purposes and transaction expenses," the company said in the release.

TechCrunch

That amount is payable after graduation.

The Guardian

That amount is payable by the end of Wednesday.

The New York Times

Expert writing Tips

Best practice

When using "amount payable" in financial documents, always specify the currency to avoid ambiguity.

Common error

Avoid using "amount payable" when the payment is not yet mandatory or finalized; instead, use terms like "estimated cost" or "potential charge".

Linguistic Context

The phrase "amount payable" functions as a noun phrase, typically acting as the subject or object in a sentence. It identifies a specific sum of money that is due to be paid. Ludwig AI confirms its correct and frequent usage in various contexts.

Expression frequency: Common

Frequent in

News & Media

36%

Encyclopedias

18%

Science

18%

Less common in

Wiki

18%

Formal & Business

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "amount payable" is a common and grammatically correct noun phrase used to denote the total sum of money due for payment. Ludwig AI analysis confirms its regular usage across diverse contexts such as news, encyclopedias, science and wikis. Its purpose is primarily to clearly communicate financial obligations, maintaining a professional yet neutral tone. For alternatives, consider using "money due" or "payment owed" to convey similar meanings. When employing "amount payable", ensure clarity by specifying the currency and avoiding its use for non-finalized costs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

money due

Replaces "amount" with "money" and "payable" with "due", focusing on the obligation to pay.

payment owed

Emphasizes the debt aspect, using "owed" instead of "payable".

sum required

Highlights the necessity of the payment, changing "amount" to "sum" and "payable" to "required".

total charge

Focuses on the cost aspect, using "charge" instead of "amount payable".

balance outstanding

Indicates the remaining amount to be paid, shifting the focus to the unpaid portion.

liability due

Frames it in terms of a financial obligation, using "liability" to emphasize the legal aspect.

debt outstanding

Similar to "balance outstanding", but specifically referring to debt.

fees due

Specifically refers to fees that are payable, narrowing the context.

cost to be paid

Directly states the cost and the action of paying, breaking down the phrase.

compensation owed

Relates specifically to compensation that needs to be paid.

FAQs

How can I use "amount payable" in a sentence?

You can use "amount payable" to refer to the total sum due in a transaction, such as: "The invoice states the "amount payable" is $500 by the end of the month".

What are some alternatives to saying "amount payable"?

Depending on the context, you can use alternatives such as "money due", "payment owed", or "sum required".

Is it correct to say "amounts payable" instead of "amount payable"?

"Amounts payable" is the plural form, used when referring to multiple separate amounts that are due. "Amount payable" refers to a single, total sum.

What's the difference between "amount payable" and "amount receivable"?

"Amount payable" refers to the money you owe to someone, while "amount receivable" refers to the money someone owes to you.