Meaning of “bills payable” in the English Dictionary

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"bills payable" in Business English

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bills payablenoun [ plural ]

uk us

ACCOUNTING the bills of exchange that have been received by a company and not yet been paid, and the part of the company's accounts that shows these bills. Bills payable form part of a company's liabilities.

(Definition of “bills payable” from the Cambridge Business English Dictionary © Cambridge University Press)