payables

Definition

A balance sheet item which equals the sum of all money owed by a company and due within one year. also called current liabilities or current debt.

Use payables in a sentence

You should try to make sure that you are keeping good track of your payables so that you know what you owe.

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The fleet of new vans, all with the pristine blue company logo stenciled on the side, doubled the quarter's payables.

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The payables account had been increasing as the firm had not been meeting all of its financial obligations at the previous rate it was.

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Mentioned in these terms

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payable on death (POD) gross negative fair value (GNFV)