account payable

n (Accounting & Book-keeping) accounting US a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

account′ pay′able

n., pl. accounts payable. a liability to a creditor, usu. for purchases of goods and services. [1935–40]

Thesaurus

Noun

account payable - a liability account showing how much is owed for goods and services purchased on credit; "the problem was to match receivables and payables in the same currency"payablefinancial obligation, indebtedness, liability - an obligation to pay money to another party

Translations

Account Payable

A debt owed by a business that arises in the normal course of its dealings, that has not been replaced by a note from another debtor, and that is not necessarily due or past due.

Bills for materials received or obligations on an open account may be accounts payable. This kind of liability usually arises from a purchase of merchandise, materials, or supplies.

account payable

account payable

account′ pay′able

Account Payable

Account Payable

account payable

Synonyms for account payable

noun a liability account showing how much is owed for goods and services purchased on credit

Synonyms

Related Words