receivables

(rɪˈsiːvəbəlz) pl n (Commerce) finance the part of the assets of a business represented by accounts due for payment

Thesaurus

Noun

receivables - money that you currently expect to receive from notes or accountsplural, plural form - the form of a word that is used to denote more than oneassets - anything of material value or usefulness that is owned by a person or company

receivables

Accounts Receivable

1. Money that a customer owes a company for a good or service purchased on credit. Accounts receivable are current assets for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days. See also: Collection period.

2. A unit within a company's accounting department that deals with accounts receivable.

receivables

See accounts receivable.

receivables

Money due from tenants or clients. Receivables are listed as an asset on the balance sheet. One can have a profit on paper, because all the rent charged to tenants counts as income, whether collected or not.One can also have a large amount of assets and be worth a lot of money, on paper, because unpaid rents—receivables—are listed as an asset. At the same time everything looks rosy on paper, you can be going broke because tenants are not paying their rent, you don't have any hope of ever collecting the past-due receivables,and there is no money to pay the bills.

(Remember this when reviewing financial information for a rental property: you must see the balance sheet and the financial statements at the same time to figure out what is really happening.)

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Accounts Receivable

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Words related to receivables

noun money that you currently expect to receive from notes or accounts

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