n. bills being owed.
Amounts owed by an organisation or individual to another for items or solutions it offers obtained.
Trade credit created by a supplier with regards to permits a customer to cover later on for items or solutions having already been delivered by the provider. Payables tend to be a common supply of shortterm funding for a lot of commercial and service businesses. A customer business is normally expected to arrange payment within 7 to 180 days, though sometimes terms may increase even more. In exchange for giving the payment expansion, the supplier clearly or implicitly costs a financing expense. See in addition REPORTS RECEIVABLE.
A retailer's or wholesaler's unpaid bills and invoices; the money owed to sellers and companies.
a debtor's reports of cash he owes; typically arise through the acquisition of products