account payable

noun

plural accounts payable
: the balance due to a creditor on a current account

Examples of account payable in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The company's liabilities include accounts payable and accrued expenses totaling $4.6 million, lot sale obligations of $451,550, and convertible debt obligations of $1.6 million. Quartz Intelligence Newsroom, Quartz, 12 Feb. 2025 An accounts payable clerk got a $5,000 raise, paid for by the Redevelopment Commission, on a 4-3 vote. Doug Ross, Chicago Tribune, 7 Feb. 2025 Keener’s scheme involved misappropriating insurance reimbursement checks for supplemental repairs by writing off the work as a loss, indicating in the accounts payable system that the insurance company had refused reimbursement, according to court documents. Nick Ferraro, Twin Cities, 6 Feb. 2025 Organizations can digitalize and automate the accounts payable process, enabling them to manage and accelerate invoice processing and comply with regional and global regulations. Bil Khan, Forbes, 15 Jan. 2025 See all Example Sentences for account payable 

Word History

First Known Use

1812, in the meaning defined above

Time Traveler
The first known use of account payable was in 1812

Dictionary Entries Near account payable

Cite this Entry

“Account payable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/account%20payable. Accessed 22 Feb. 2025.

Legal Definition

account payable

noun
account pay·​able
-ˈpā-ə-bəl
plural accounts payable
: the balance due to a creditor on a current account

More from Merriam-Webster on account payable

Last Updated: - Updated example sentences
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