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accounts payable

Line breaks: ac|counts pay|able

Definition of accounts payable in English:

plural noun

Money owed by a company to its creditors.
Example sentences
  • At last report, it had just $8.52 a share in total liabilities, mostly accounts payable.
  • Coke could also apply for a revolving line of credit with a foreign bank in order to cover accounts payable; however, that required Coke to assume some risk by providing a letter of guarantee to cover the Vietnamese partner.
  • Concur manages documentation requirements, so employees can submit their grades and receipts directly to accounts payable and be reimbursed through payroll.

Definition of accounts payable in:

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