trade debt

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Trade debt

Accounts Payable

1. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.

2. A unit within a company's accounting department that deals with accounts payable, managing credit lines, purchase orders, and audit reports.

trade debt

a deferred-payment arrangement whereby a customer is allowed a certain period of time in which to pay for products after receiving them. See DEBTORS, DEBTORS RATIO, WORKING CAPITAL, CREDIT CONTROL, AGE ANALYSIS PROFILE FOR DEBTORS.

trade debt

a deferred payment arrangement whereby a customer is allowed a certain period of time in which to pay for products after receiving them. See also DEBT, DEBTORS, WORKING CAPITAL.
References in periodicals archive ?
Trade debt refers to the total money owed to a business - including current invoices and overdue payments - for goods and services supplied to customers over the course of the financial year.
It is clear that Birmingham's smaller SMEs in particular need much greater support in this respect, as many are facing the very real threat of closure due to trade debt pressure and late payment.
37,179 to CP&P Construction LLC of El Dorado for trade debt.
Dow Corning deducted the interest on the trade debt under Bkr.
6 billion as of April 30, 2009 and consisted of the aforementioned World Trade debt due 2011, $600 million of 6.
3 billion as of July 31, 2008 and consisted of: the World Trade debt, which the company is required to repurchase by Nov.
29 /PRNewswire/ -- Alpha Tube Corporation announced today that it has reached an agreement to pay pre-petition trade debt with its Official Creditors' Committee subject to approval of the Bankruptcy Court and other interested parties.
The remaining trade debt outstanding, not including the $3 million Prudent Global debenture, will be approximately $872,000.
On April 1, 1999 the Company, a majority of Albatronics' bankers and its major trade creditor signed a letter of intent to restructure Albatronics' unsecured bank debt and trade debt.
The working capital generated from this private placement will be utilized in part to investigate new business opportunities for the Company and to retire a portion of its remaining trade debt of approximately $200,000 due to Lamerac Financial Corp.
Nasdaq: PNCL) today announced that a committee of its trade creditors has been formed and that the committee has agreed to an initial 60-day moratorium on the payment of the Company's outstanding trade debt.
25 per share, including 296,226 common shares issued for trade debt totaling $74,057.