👉 The concept of an "impayable" in the context of accounting and finance refers to a financial obligation that is not paid by the issuing entity or company. It typically represents a liability, which means it must be repaid by the issuer, unless otherwise specified in the contract between the parties involved. In other words, if the issuer has already made an upfront payment for the obligation, the obligation will be considered "impayable." However, if there is no upfront payment or payment history,
