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 ?
3) This trade debt forms part of total general government liabilities.
Dow Corning deducted the interest on the trade debt under Bkr.
31 per share) by a renegotiation and reduction of trade debt.
The company has also agreed, subject to regulatory approval, to issue 21,818 shares for a trade debt of $12,000.
Musicrypt has reached agreement, subject to regulatory approval, to settle $46,470 in trade debt with the issuance of 132,771 shares valued at the discounted market price of $0.
The proceeds of such a sale would expedite the conclusion of Hedman's restructuring by allowing for the elimination or significant reduction of secured and trade debt and the injection of further operating and research capital.
The shares for debt transaction marks the completion of a crucial phase of the Company's re-structuring plans and, together with other debt reduction initiatives has allowed the Company to reduce long term and trade debt payable from approximately $1.
Upon acceptance of this Decree by the Court, Chief will consider alternatives to recapitalize the Company, pay down trade debt pursuant to agreements reached with certain creditors, and potentially resume gold and silver production either on its own or in a joint venture with another operating mining company.
net, announced today that its recently acquired Provo division has successfully restructured and reduced its trade debt facility with its leading supplier, Telefonos de Mexico S.
The company management explained that increase in trade debts was mainly due to the circular debt issue and late payment surcharge mainly against KE and PSML.
The committee adjusted OGDCL's trade debts increase with the directives to improve the recovery system, saying "The credit policy of the company needs to be reviewed to secure the interest of the company.