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Finance Dictionary and Glossary of Investment Terms
Amount owed for salaries, interest, accounts payable and other debts due within 1 year.
Usually appearing on a company's balance sheet, it represents the amount owed for interest, accounts payable, short-term loans, expenses incurred but unpaid, and other debts due within one year.
A balance sheet item which equals the sum of all money owed by a company and due within one year. also called payables or current debt.