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Definitions from WordNet

Definitions from the Web

Account Payable

Noun (Business)

1. The amount that a company owes to its creditors for goods or services received but not yet paid for.

Example sentence: "The company's account payable has increased significantly due to the recent purchase of new equipment."

Adjective

1. Pertaining to a type of liability that needs to be paid off by a company within a specific time period.

Example sentence: "The business accountant is responsible for managing the account payable balances."

Related Products:

• Accounting Software
• Business Finance Books
• Business Management