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Investments glossary

Accounts Payable (AP)

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Quotes of the day:

To keep a lamp burning we have to keep putting oil in it.

— Mother Teresa

Accounts payable (AP) is an account within the general ledger that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. Another common usage of AP refers to the business department or division that is responsible for making payments owed by the company to suppliers and other creditors.



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