account receivable
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.account receivable
noun plural accounts receivable
Definition of ACCOUNT RECEIVABLE
: a balance due from a debtor on a current account
First Known Use of ACCOUNT RECEIVABLE
1812
account receivable
noun (Concise Encyclopedia)Any amount owed to a business as the result of a purchase of goods or services from it on a credit basis. Although the firm making the sale receives no written promise of payment, it enters the amount due as a current asset in its books. Accounts receivable constitute a major portion of the assets of many companies, and they may even be sold or pledged as collateral to obtain loans. See also account payable; factoring.
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Previous Word in the Dictionary: account payable
All Words Near: account receivable
Previous Word in the Dictionary: account payable
All Words Near: account receivable
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