accounts payable
noun
ukus[plural]ACCOUNTING(alsoUKcreditors);(alsoUSpayables)
theamountsin a company'saccountsthat showmoneythat itowes, forexampletosuppliers(=companiesthat havesoldthem things):
Accountspayablewere $676 millionloweras of themiddleof thisyearcomparedto ayearago.
See also
business debt
[U]WORKPLACE
thedepartmentin acompanyresponsibleforpayingmoneythat itowes, forexampletosuppliers(=companiesthat havesoldthem things):
He waspromotedto a better-payingjobinaccountspayableafter takingcomputerclasses.
anaccountspayablemanager/clerk
theaccountspayabledepartment