ACCOUNT PAYABLE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Example:

the problem was to match receivables and payables in the same currency

Synonyms:

account payable; payable

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("account payable" is a kind of...):

financial obligation; indebtedness; liability (an obligation to pay money to another party)

Credits