Words / A / Business

accounts payable

noun

B2CEFR level
50/100Rarity: uncommon
TechnicalRegister

The money a company owes to its suppliers for goods or services it has received but not yet paid for.

Our accounts payable increased last quarter because we negotiated longer credit terms with two key suppliers.

Similar: payables, creditors, trade creditors

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting