Define: Amount Payable
Amount Payable means the total of all sums, consisting of principal amounts, costs, interest, and expenses, that the [customer] owes at a specific time
Amount Payable means the total of all sums, consisting of principal amounts, costs, interest, and expenses, that the [customer] owes at a specific time.
Relevant Circumstances
- When the contract calculates the total sum owed at a point in time
- If interest, costs and expenses must all be aggregated
- Where a payoff or settlement statement requires a defined amount payable