General objective of this article is to Define and Discuss on Bonds Payable. Here analysis Bonds Payable in accounting terms. One source of financing available to corporations is long‐term bonds. Bonds represent an obligation to repay a principal amount in a future date and spend interest, usually on the semi‐annual basis. Unlike notes payable, which normally represent a measure owed to one loan provider, a large number involving bonds are normally issued while doing so to different lenders. These lenders, also known because investors, may sell their bonds to another investor prior to the maturity.