Pailable

Pailable, a term primarily used in legal and financial contexts, signifies something that is subject to being paid or discharged, especially a debt, fine, or other financial obligation. It implies a liability or responsibility to remit funds or fulfill a commitment. The term highlights the enforceability and due date, often used when describing monetary settlements, taxes or judgements. A 'pailable' item is one that is capable of being, and often is, required to be paid. The context often defines who has a 'pailable' obligation; it is critical for determining the accountability of an entity or individual.

Pailable meaning with examples

• The company's annual taxes were clearly pailable, and their failure to submit payment on time resulted in hefty penalties. Ignoring pailable debts is a costly mistake.
• Under the terms of the settlement, the defendant's financial obligations were clearly defined as pailable monthly installments. Failing to adhere could trigger further court action and penalties.
• Following the audit, the discrepancies in the accounting led to several pailable fines. The government levied the fines for irregularities in financial records and procedures.
• The loan agreement stipulated that the principal and interest were pailable upon maturity. The borrower was responsible to ensure that the pailable amount could be paid at the determined time.
• The court ordered a substantial amount in damages, making the restitution immediately pailable to the plaintiff. The judgement clearly outlined the deadlines.