Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “accounts payable”

accounts payable

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. → See also business debt
[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
(Definition of accounts payable noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of accounts payable

More Business English definitions for “accounts payable”

Word of the Day

amicable

relating to behaviour between people that is pleasant and friendly, often despite a difficult situation

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More