Accounts payable

Defenition 1
Money which you owe to an individual or business for goods or services that have been received but not yet paid for.

Definition 2
In accounting, accounts payable are debts resulting from purchasing assets or receiving services on credit or on an open account. You have accounts payable when you have not yet paid for the assets or services you have received.

Definition 3:
Trade accounts of businesses representing obligations to pay for goods and services received.