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account payable

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account payable

–noun, plural accounts payable.
a liability to a creditor, carried on open account, usually for purchases of goods and services.

Origin:
1935–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: account pay·able
Pronunciation: -'pA-&-b&l
Function: noun
Inflected Form: plural accounts payable
: the balance due to a creditor on a current account
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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