accounts payable Meaning in the Cambridge English Dictionary
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Meaning of “accounts payable” in the English Dictionary

"accounts payable" in Business English

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accounts payablenoun

uk   us  
[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
[U] WORKPLACE the ​department in a ​companyresponsible for ​payingmoney that it ​owes, for ​example to suppliers (= ​companies that have ​sold them things): He was ​promoted to a better-paying ​job in ​accountspayable after taking ​computerclasses. an accountspayablemanager/​clerk the accountspayabledepartment
(Definition of accounts payable from the Cambridge Business English Dictionary © Cambridge University Press)
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