Definitions from the Web
Accounts Payable
Definition:
Noun: The money owed by a company to its creditors or suppliers for goods or services purchased on credit.
Adjective: Referring to the department or function responsible for handling a company's outstanding debts and invoices.
Examples:
- Noun: The company's accounts payable increased significantly due to recent expansions.
- Adjective: The accounts payable department is actively communicating with suppliers to resolve outstanding invoices.
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