Payable

{
  "id": "MLC-T-LAW-003667",
  "term": "Payable",
  "field": "Law",
  "definition": "Describing a debt or sum of money that is legally owed and due for payment, either immediately or at a future date. The term is used in contracts, promissory notes, and other financial instruments to indicate an obligation to remit funds. In business accounting, the term 'accounts payable' represents the total amount a company owes to its creditors for goods or services received.",
  "url": "https://mlchart.com/terminology/law/payable/"
}