Definition of accounts payable in English:
Money owed by a company to its creditors.
- 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:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan