An accounting term for an entity’s obligation to pay off a short-term debt (less than one year) to its creditors (trade obligations of a business that are recorded at a point in time). Accounts Payable are often referred to as “payables”. Short-term debt is used often to finance payables. Pertains to Issuers.
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bsmith@carofin.com2019-03-08T17:01:57-05:00
