receivable

  

Definition

Accounting term for amount due from a customer, employee, supplier (as a rebate or refund), or any other party. Receivables are classified as accounts receivable, notes receivable, etc., and represent an asset of the firm.

Use receivable in a sentence

  • Only some of the money was receivable and the rest had to go into the bank for the time being and could only be withdrawn in a couple months.

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  • The receivable had not been accounted for yet as the company was changing their accounting accrual method one time this decade.

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  • While reviewing accounts receivable for the firm in which she worked, she noticed one particularly delinquent client that had been still retaining their services.

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