from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun accounting, law :
Moneythat is owed by a party, and is counted by that party as a debit, even though it has not yet been paid.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a debtor's accounts of money he owes; normally arise from the purchase of products or services
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