Bills Payable


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Bills Payable

1. Debt that a bank must pay to another bank, often but not always the central bank of the country in which it operates.

2. More generally, any bill of exchange, trade acceptance or similar obligation a company must pay on or by a certain date. See also: Accounts payable.
References in periodicals archive ?
Vodafone have completed arrangements with Doha for making Vodafone bills payable through the bank s ATMs.
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.
4 percent, curbing the impact of an increase in interest expense on bills payable and other borrowings.