Difference between Payable and Owed

What is the difference between Payable and Owed?

Payable as an adjective is that which is to be paid. while Owed as an adjective is that owes.

Payable

Part of speech: noun

Definition: (plural) Debts owed by a business; liabilities. A thing that may be paid.

Part of speech: adjective

Definition: That which is to be paid. Able to be paid. Of a mine etc.: capable of yielding profit; profitable.

Owed

Part of speech: verb

Definition: To be under an obligation to give something back to someone or to perform some action for someone.

Part of speech: adjective

Definition: That owes.

Example sentence: I owed Lewis one thing, at least. Once you had suffered the experience of presenting a case at one of his Monday morning conferences, no other public appearance, whether on radio, TV or the lecture platform, could hold any terrors for you.

We hope you now know whether to use Payable or Owed in your sentence.

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