Definition

A/P

A/P- in international trade documentation, abbreviation for “authority to purchase” or “authority to pay.” In accounting, abbreviation for “account payable.”

Share it:  Cite

More from this Section

  • Beneficiary
    Beneficiary is the seller or exporter in whose favour the documentary credit has been ...
  • Euro-Commercial paper (ECP)
    Euro-Commercial paper (ECP), like commercial paper issued in domestic markets around the ...
  • No-filing law
    No-filing law is a rating law where insurers are not required to fi le their rates with ...
  • Document of Title
    Document of Title is an instrument that enables the holder to deal with the property described ...
  • Random walk
    Random walk is the movements of a variable whose future changes cannot be predicted (are ...