1. amounts of money that a company owes to suppliers or creditors
Usage: business; accounting; usually plural

Examples

• The company’s accounts payables increased by 15% this quarter.
• We need to review all outstanding payables before the audit.
• The accounting department processes payables every Friday.
• Our payables to suppliers total $2.3 million.
• The CFO wants to reduce payables by negotiating better payment terms.
• Trade payables represent money owed to vendors for goods purchased.