maximumpayable
adjectiveUK /ˈmæksɪməm ˈpeɪəbl/
US /ˈmæksɪməm ˈpeɪəbl/
The most money that someone is allowed to pay for something.
The maximumpayable amount for the school trip is twenty dollars.
OTHER MEANINGS
2. The largest amount of money that can legally be paid under a rule or contract.
The maximumpayable fine for a first offense is one hundred dollars.
3. The top price a buyer is willing to pay for an item.
At the auction, the maximumpayable bid was set before the sale began.
4. The greatest total that an insurance plan will pay out.
Check the maximumpayable benefit before you choose a health plan.