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  • Only some of the money was receivable and the rest had to go into the bank for the time being and could only be withdrawn in a couple months.

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

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

    4 people found this helpful
Show more usage examples...

Related Videos

Have a question about receivable? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z