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(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
n., pl. accounts payable.
a liability to a creditor, usu. for purchases of goods and services.
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|Noun||1.||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"|