account payable

Definition of Account Payable in English :

1. account payable, payable

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

Example Sentences:
'the problem was to match receivables and payables in the same currency'

WordNet Lexical Database for English. Princeton University. 2010.

Account Payable

noun

accounting, US

a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

Word forms: plural accounts payable

the amount owed by a business to a creditor, usually for goods or services

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