accounts payable

Definition of "accounts payable"
  1. Amounts due to creditors for goods or services purchased on credit
How to use "accounts payable" in a sentence
  1. The company's annual report indicates a significant increase in accounts payable.
  2. Accounts payable are crucial in maintaining the cash flow of any business.
  3. The finance department is responsible for managing the company's accounts payable.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z