account payable

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 Herrin began his school career in 2013 as the account payable and chief school business intern at Lincolnshire-Prairie View School District 103. Phil Rockrohr,, "Libertyville School District 70 selects Grayslake administrator as next finance director," 8 Nov. 2019 Marilyn worked as an accounts payable clerk for Travelers for over 38 years., "Marilyn P. McFarland," 13 Aug. 2019 Topics include the setup of new files, processing bank transactions, accounts receivable and accounts payable entries, reconciliation of bank and credit card accounts, and running basic financial reports., "Calendar: Get a glimpse into the world of storm chasing Thursday in Antioch," 15 Sep. 2019 The decision was due to accounts payable, deficit fund balances and a treasury deficiency. Rachel Berry,, "Clermont County village placed in fiscal emergency," 20 June 2019 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

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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Time Traveler for account payable

Time Traveler

The first known use of account payable was in 1812

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Statistics for account payable

Last Updated

20 Dec 2019

Cite this Entry

“Account payable.” The Dictionary, Merriam-Webster Inc., Accessed 20 January 2020.

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More Definitions for account payable

account payable

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 Encyclopedia article about account payable

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