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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Accounts Payable

Definition:

Think MasterCard: you bought it but you haven't paid for it yet. 

If you run your own business, these puppies tend to show up on your balance sheet, and they're the things you need to pay up soonish (think short-term loan).