Receivable
/rɪˈsiːvəbl/
Definitions
- (adj.) Capable of being received or recovered; often referring to amounts owed to a business.
The company listed its accounts receivable as an asset on the balance sheet.
- (n.) An amount of money owed to a business that is expected to be collected.
The firm tracked its receivables to manage cash flow effectively.
Forms
- receivable
- receivables
Related terms
See also
Commentary
In legal and accounting contexts, 'receivable' frequently appears in plural form and is often associated with the enforceability and collection of debts or claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.