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Definitions from WordNet

Definitions from the Web

Receivable

Definition:

Receivable refers to an amount owed to a person or organization, usually resulting from the sale of goods or services on credit.

Parts of Speech:

• Noun: The amount of money owed to someone.
• Adjective: Referring to something that can be received or is expected to be received.

Senses:

1. As a Noun:

a) Accounts Receivable: The outstanding or unpaid balances of customers' debts. "The company managed to reduce its accounts receivable by implementing a more efficient payment process."

b) Trade Receivables: The monetary value of goods or services that have been delivered or provided but haven't been paid for yet. "The company's trade receivables increased due to expansion in sales."

c) Notes Receivable: Written promises of payment made by a debtor, usually in the form of a promissory note. "The company holds several notes receivable from customers who borrowed money for purchase of equipment."

2. As an Adjective:

a) Receivable Assets: Assets that are expected to be received or recovered by an entity. "The company calculates its net worth by including the value of its receivable assets."

b) Receivable Interest: Accrued or expected interest that is yet to be received. "The bank's statement showed $50 as receivable interest."

Usage:

1. Noun Usage:

a) "The receivable from our major client has been outstanding for over 60 days."

b) "They recently hired an accountant to manage their accounts receivable efficiently."

2. Adjective Usage:

a) "The manager identified a high potential receivable account."

b) "The company's receivable days ratio decreased significantly."

Related Products:

• Receivable Management Books
• Accounts Receivable Software
• Promissory Note Books