Accounts Payable
owe
to be in debt
weigh against
to compare the benefits and disadvantages of two things or options against one another in order to choose the best one.
debt
something, typically money, that is owed or due
certain
specific but not explicitly named or stated
accounts receivable
the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers
to a certain extent
to some degree
net
(adj) remaining after expenses or other factors have been deducted
IOU
I owe you
due date
The date by which an invoice must be paid.
entity
a business organization such as a corporation or partnership
cash flow statement
a financial statement that reports net wages and other income along with spending for a period, such as for a month.
balance sheet
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
promissory note
a written and signed promise to pay a sum of money at a specified time
lender
an organization or person that lends money
referred to
called
prior
coming earlier in time
liabilities
debts that you owe
obligation
duty
pay off
finish paying for something
acknowledge
recognize; admit