account payable

noun
plural accounts payable

Definition of account payable

: the balance due to a creditor on a current account

Examples of account payable in a Sentence

Recent Examples on the Web

Generating cash is more important than ever, though—Tesla still has more than $10 billion in debt and $3.5 billion in accounts payable on its books. Charley Grant, WSJ, "Tesla Hits the Bull’s-Eye," 24 Oct. 2018 Tesla has $3 billion in cash but that is dwarfed by $3.5 billion in accounts payable, which rose $500 million in the quarter, and about $10 billion in debt. Charley Grant, WSJ, "How Tesla Made a Record Profit," 5 Nov. 2018 Additionally, the company reported $3.03 billion in accounts payable, which investors may look at warily if Tesla needs to take on any more debt for whatever reason. Megan Geuss, Ars Technica, "Tesla posts bigger-than-expected loss, bigger-than-expected revenue [Updated]," 1 Aug. 2018 Blue Orca says Samsonite overstated Tumi’s accounts payable in the first deal and understated inventories in the second deal, in ways that would flatter its profit margins in subsequent quarters. Jacky Wong, WSJ, "Samsonite Needs to Make Its Case," 25 May 2018 Among other duties, the auditor manages the county's revenue, accounts payable and payroll. Holly V. Hays, Indianapolis Star, "Marion County primary: Forestal and Durham held on to early leads to win sheriff race," 8 May 2018 Also, the review found that for the period covered, 72% of the agency's accounts payable were from one to 120 days overdue. Doug Smith, latimes.com, "Review faults L.A. homeless authority's fiscal management, raising questions over Measure H funds," 5 Apr. 2018 Tesla has more than $10 billion in debt and its accounts payable has swelled to $2.39 billion at the end of the year from $1.86 billion a year earlier. Tim Higgins, WSJ, "Small Tesla Contractor Sues Car Maker, Claiming Nonpayment," 6 Apr. 2018 Burgess was responsible for the volunteer department's payroll and accounts payable systems, court records say. Ryan Martin, Indianapolis Star, "Treasurer stole from Hamilton County fire department for costume mask, funeral expenses, indictment says," 16 Mar. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'account payable.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of account payable

1812, in the meaning defined above

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The first known use of account payable was in 1812

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More Definitions for account payable

account payable

noun
account pay·​able | \ -ˈpā-ə-bəl\
plural accounts payable

Legal Definition of account payable

: the balance due to a creditor on a current account

More from Merriam-Webster on account payable

Britannica.com: Encyclopedia article about account payable

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