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account payable

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

First recorded in 1935–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for account payable

account payable

noun
  1. accounting, US a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit
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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