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.
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.