accounts payablenoun
ukus[ plural ] also UK creditors, also US payables ACCOUNTING the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things):
Accounts payable were $676 million lower as of the middle of this year compared to a year ago.
See also
business debt
[ U ] WORKPLACE the department in a company responsible for paying money that it owes, for example to suppliers (= companies that have sold them things):
He was promoted to a better-paying job in accounts payable after taking computer classes.
an accounts payable manager/clerk
the accounts payable department