👉 Payability refers to a legal obligation or debt that must be repaid by someone, usually in exchange for something of value. In other words, it's about the amount of money someone owes another party, typically through payment of interest or additional fees over time. Payable debts are often based on past performance or past events, and they're often referred to as "due" because they must be repaid. Payability can arise from a variety of sources, such as loans, investments, or
