BECOME PAYABLE Meaning and
Definition
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"Become payable" is a phrase used to describe the state of an obligation or debt when it reaches the stage where it is due for payment. In financial terms, it refers to the transition of an amount owed or to be received from a future date to the present moment when it is required to be settled.
When an obligation becomes payable, it means that the predetermined timeline or conditions for payment have been fulfilled or reached. At this point, the payment must be made or received as agreed upon in a contract, agreement, or financial arrangement. This could refer to various situations such as the payment of invoices, bills, loans, or other financial liabilities.
The concept of becoming payable is important both for individuals and businesses, as it marks the point at which a transaction transitions from anticipation or future speculation to actualization and fulfillment. It signifies the legal and financial duty to meet the payment obligation.
It is worth noting that the exact timing and terms for when something becomes payable can vary based on the specific context and the agreements made between parties involved. Whether it is a fixed date, a specific event, or a predetermined period, the transition to becoming payable typically triggers immediate attention to ensure the payment is executed promptly and in accordance with the original agreement.
Common Misspellings for BECOME PAYABLE
- vecome payable
- necome payable
- hecome payable
- gecome payable
- bwcome payable
- bscome payable
- bdcome payable
- brcome payable
- b4come payable
- b3come payable
- bexome payable
- bevome payable
- befome payable
- bedome payable
- becime payable
- beckme payable
- beclme payable
- becpme payable
- bec0me payable
- bec9me payable
Etymology of BECOME PAYABLE
The word "become" has its roots in the Old English word "becuman", which means "to come to be", "to happen", or "to come about". The word "payable" is derived from the Middle English word "paiable", which means "that may be paid". When combined, the phrase "become payable" suggests the action or process of something (such as a debt or obligation) coming into a state or condition where it can be paid.
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