Definition: Something that needs to be paid or is due for payment.

Example: The invoice is payable within 30 days.

Definition: Money that is owed to someone, usually a creditor or supplier. It often refers to amounts that need to be paid in the future.

Example: The company has many payables that need to be settled by the end of the month.

Definition: The amount of money or benefit received as a result of a previous action or investment.

Example: The payback from the project was much higher than we expected.

Definition: A document that shows the amount of money an employer pays to an employee for their work, usually issued regularly.

Example: I received my paycheck in the mail today.

Definition: A specific day when employees receive their wages or salary.

Example: Many people look forward to payday because it means they can pay their bills and enjoy some leisure activities.

Definition: A person or organization that receives money that is paid to them.

Example: The payee must sign the check before cashing it.

Definition: A person or entity that is responsible for paying money, such as a bill or a debt.

Example: The payer of the invoice must ensure that the payment is made on time.

Definition: A level in a system that determines how much a person is paid, often based on their job responsibilities and experience.

Example: Employees are classified into different paygrades based on their roles and performance.

Definition: A person responsible for distributing payments, such as salaries or wages, to employees or workers.

Example: The paymaster ensured that all employees received their salaries on time.

Definition: A sum of money that is given in exchange for goods or services, or the action of giving that money.

Example: She made a payment for her new car yesterday.

Definition: A result or benefit gained from an action or decision, often after a period of effort or investment.

Example: The payoff from her hard work was a promotion at her job.

Definition: A payoff is a final payment or reward, often given as a settlement or in return for something, such as a bribe or the conclusion of a situation.

Example: The company received a large payoff after the successful merger.