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. ”
“ The fleet of new vans, all with the pristine blue company logo stenciled on the side, doubled the quarter's payables. ”
“ The payables account had been increasing as the firm had not been meeting all of its financial obligations at the previous rate it was. ”
