Bills payable

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BILLS PAYABLE, COMMERCE. Engagements which a merchant has entered into in writing, and which he is to pay on their becoming due. Pard. n. 85.

References in periodicals archive ?
Cash, Cash Equivalents, Bank Loans, and Bills Payable
Power companies procure supplies and repair equipment mainly from external funding sources, hence, they have large sums of bills payable due to received loans, borrowings, grants of international donors and budget subsidies, she said.
The Department of Energy (DoE) has already started probing the P471-billion debt recovery bid of the Power Sector Assets and Liabilities Management Corporation (PSALM) which translates to passing on to all electricity consumers its debt via the universal charge component in the power bills payable in 17 years.