creditors

2 definitions • 4 examples

the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things):

Accounts payable were $676 million lower as of the middle of this year compared to a year ago.

the department in a company responsible for paying money that it owes, for example to suppliers (= companies that have sold them things):

He was promoted to a better-paying job in accounts payable after taking computer classes.

an accounts payable manager/clerk

the accounts payable department