the GNU version of the Collaborative International Dictionary of English
n. money that a person or organization expects and is obligated to pay on notes and accounts.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. money that you currently expect to pay on notes and accounts
Word Usage
"In the governmental funds, where most municipal accounting occurs, daily accounting activity is in the areas of revenue, expenditures, cash, cash receipts, cash disbursements, short-term payables, and short-term receivables."