trade debt


Trade debt

Accounts payable.

Accounts Payable

1. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.

2. A unit within a company's accounting department that deals with accounts payable, managing credit lines, purchase orders, and audit reports.

trade debt

a deferred-payment arrangement whereby a customer is allowed a certain period of time in which to pay for products after receiving them. See DEBTORS, DEBTORS RATIO, WORKING CAPITAL, CREDIT CONTROL, AGE ANALYSIS PROFILE FOR DEBTORS.

trade debt

a deferred payment arrangement whereby a customer is allowed a certain period of time in which to pay for products after receiving them. See also DEBT, DEBTORS, WORKING CAPITAL.