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account payable



account pay·able [ -ˈpā-ə-bəl]



account payable   
noun
plural accounts payable

Definition of account payable

: the balance due to a creditor on a current account



Recent Examples on the Web


//Topics include the setup of new files, processing bank transactions, accounts receivable and accounts payable entries, reconciliation of bank and credit card accounts, and running basic financial reports.
chicagotribune.com, "Calendar: Get a glimpse into the world of storm chasing Thursday in Antioch," 15 Sep. 2019

//The decision was due to accounts payable, deficit fund balances and a treasury deficiency.
Rachel Berry, Cincinnati.com, "Clermont County village placed in fiscal emergency," 20 June 2019

//Generating cash is more important than ever, though—Tesla still has more than $10 billion in debt and $3.5 billion in accounts payable on its books.
Charley Grant, WSJ, "Tesla Hits the Bull’s-Eye," 24 Oct. 2018

//Tesla has $3 billion in cash but that is dwarfed by $3.5 billion in accounts payable, which rose $500 million in the quarter, and about $10 billion in debt.
Charley Grant, WSJ, "How Tesla Made a Record Profit," 5 Nov. 2018

//Additionally, the company reported $3.03 billion in accounts payable, which investors may look at warily if Tesla needs to take on any more debt for whatever reason.
Megan Geuss, Ars Technica, "Tesla posts bigger-than-expected loss, bigger-than-expected revenue [Updated]," 1 Aug. 2018

//Blue Orca says Samsonite overstated Tumi’s accounts payable in the first deal and understated inventories in the second deal, in ways that would flatter its profit margins in subsequent quarters.
Jacky Wong, WSJ, "Samsonite Needs to Make Its Case," 25 May 2018

//Among other duties, the auditor manages the county's revenue, accounts payable and payroll.
Holly V. Hays, Indianapolis Star, "Marion County primary: Forestal and Durham held on to early leads to win sheriff race," 8 May 2018

//Also, the review found that for the period covered, 72% of the agency's accounts payable were from one to 120 days overdue.
Doug Smith, latimes.com, "Review faults L.A. homeless authority's fiscal management, raising questions over Measure H funds," 5 Apr. 2018


First Known Use of account payable

1812, in the meaning defined above



Dictionary Entries near account payable