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Glossary Term: ACCOUNTS PAYABLE

Definition(s) for ACCOUNTS PAYABLE:

1. ) refers to a category of liabilities that represents funds due to creditors. Usually, accounts payable is due to trade creditors who have supplied goods or services without requiring immediate payment. Accounts payable is sometimes called payables. Accounts payable to trade creditors are sometimes called accounts payable trade, due to trade, or trade payables.


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