account payable


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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]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.account payable - a liability account showing how much is owed for goods and services purchased on creditaccount 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"
financial obligation, indebtedness, liability - an obligation to pay money to another party
Translations

account payable

n (Am) → conto passivo
References in periodicals archive ?
The report explains how by enabling better visibility, integration, and messaging in order-to-pay activities contributes to all components of the procurement process while reduces account payable costs up to 65%.
Its account payable system was time and labor intensive.