Meaning of ACCOUNTS PAYABLE in English
- ACCOUNTS PAYABLE
also as trade credit , means money that should be paid
Note: accounts payable is the largest category of short-term financing
eg: firm A purchases goods of $2,000 every day from firm B, and A always do not pay B for goods at once, but pay B the money every 30 days. Thus firm A get $60,000 of short-term financing, or accounts payable .
Sean Woo's Finance, GIS and real estate English glossary. Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance. 2012