notes receivable

Popular Terms
Written promises to receive stated sums of money at future dates, classified as current (if due within 12 months) or non-current (if due after 12 months) of the balance sheet date.

Use 'notes receivable' in a Sentence

The notes receivable were something important for me to know and my dad made sure to tell me how it all worked.
16 people found this helpful
Because the customer's account was overdue, we offered to convert his owings to notes receivable to allow him to pay us back over time with interest.
14 people found this helpful
You should always be aware of all your notes receivable so that you can figure out just how much you have earned.
14 people found this helpful

Email Print Embed