Unpaid bills. accounts that are owed to suppliers (trade creditors) as distinguished from accrued interest, rent, salaries, taxes, and other such accounts. Accounts payable are shown under current (short-term) liabilities in the balance sheet. Lenders and investors examine the relationship of these accounts to the firm's purchases in order to judge the soundness of its day to day financial ...

This can include leases on real estate, loans, accounts payable to suppliers of material, tax liabilities or obligations to deliver product.