What does able to pay mean?

"Able to pay" means having the financial resources or capacity to meet a financial obligation. This could refer to:

* Having sufficient funds: Possessing enough cash, savings, or readily accessible credit to cover a debt or expense.

* Having sufficient income: Earning enough money to comfortably cover regular expenses and debt payments.

* Having access to credit: Being able to borrow money to cover expenses if necessary (though this depends on creditworthiness).

* Having assets that can be liquidated: Owning property or other assets that can be sold to generate funds if needed.

The specific meaning can depend on context. For example, "able to pay their rent" means having enough money to cover the monthly rent, while "able to pay their debts" implies a broader capacity to handle all outstanding financial obligations.

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