noun, plural accounts payable.
a liability to a creditor, carried on open account, usually for purchases of goods and services.
Why Do We Say “Beware The Ides Of March”?The Ides of March, better known as March 15th, marks an inauspicious anniversary associated with treachery and ill fortune. But, how did a day that was once celebrated by the Romans become so heavily steeped in superstition?
Origin of account payable
First recorded in 1935–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for account payable
accounting, US a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012