accounts payable

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun accounting, law : Money that is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a debtor's accounts of money he owes; normally arise from the purchase of products or services