Accounts payable and Arrears

Accounts payable noun - A debtor's accounts of money he owes; normally arise from the purchase of products or services.

Arrears and accounts payable are semantically related. In some cases you can use "Arrears" instead a noun phrase "Accounts payable".

Arrears noun - Something (as money) which is owed.

Accounts payable and arrears are semantically related. You can use "Accounts payable" instead a noun "Arrears".