account payable

noun

, plural accounts payable.

1. a liability to a creditor, carried on open account, usually for purchases of goods and services.

account payable

noun

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

Word History and Origins

Origin of account payable¹

First recorded in 1935–40

Example Sentences

For Chavarria, the role on the politics committee set the stage for advancement through the chapter’s volunteer leadership ranks, while she worked professionally in accounts payable administrative roles.

From Los Angeles Times

Some of these individuals, including a junior bookkeeper for the Trump Organization and the head of the company’s accounts payable department, work in Trump Tower to this day.

From Salon

Another witness, Deborah Tarasoff, a Trump Organization accounts payable supervisor, said under questioning that she did not get permission to cut the checks in question from Trump himself.

From Seattle Times

Deborah Tarasoff is currently an accounts payable supervisor at the Trump Organization, which she testified is paying for her legal counsel.

From Salon

Salaries and accounts payable must also be considered to come up with an accurate figure.

From Encyclopedia.com