When it comes to financial transactions, you may often encounter the term "amounts owing." This refers to the amount of money that a person or a company owes to others. However, the term can be used in a variety of ways, and there are many synonyms that can be used to describe the same thing. Some of these synonyms include debts, liabilities, payables, outstanding balances, arrears, and obligations. Each of these terms has its own nuanced meaning in different contexts. For instance, the term "payables" typically refers to the amount that a company owes to its creditors, while "arrears" usually refers to overdue payments that are past their due dates. Regardless of the term used, the underlying concept remains the same - an amount of money that needs to be paid to someone else.