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Definition of Accounts payable
1. Noun. A debtor's accounts of money he owes; normally arise from the purchase of products or services.
Generic synonyms: Liabilities
Definition of Accounts payable
1. Noun. (context: accounting legal): Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid. ¹
¹ Source: wiktionary.com