Is a file or account that contains money that is owed to suppliers but has not yet been paid. When a company receives an invoice it is put into this account and when that invoice is payed it is subsequently removed from the file.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser