Money owed to suppliers. The New York Times Financial Glossary
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accounts payable UK US noun
► [plural] also UK creditors, also US payables) ACCOUNTING the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things): »
Accounts payable were $676 million lower as of the middle of this year compared to a year ago.
► [U] WORKPLACE the department in a company responsible for paying money that it owes, for example to suppliers (= companies that have sold them things): »
He was promoted to a better-paying job in accounts payable after taking computer classes.
»an accounts payable manager/clerk
»the accounts payable department
Financial and business terms. 2012.