ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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TRADE PAYABLE Definition
TRADE PAYABLE, also known as an account payable, is an amount owed to a creditor for goods and services received.
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LINKED ACCOUNT gives you the flexibility of opening minor or custom account(s) that are linked to your primary account. Transactions between linked accounts are usually controlled through the password of the primary account. Linked accounts are possible through either commercial or consumer accounts, e.g. a consumer may have his/her checking, savings and over-draft protection accounts linked so that transactions can be easily made between them.
MARKETABILITY is the ability to quickly convert assets to cash at minimal cost.