
Receivable
Business Context
Used in business to describe future payments owed to a company.
Our receivables from clients total over $200,000.
Expectation of Payment
Implies an expectation to receive payment for goods or services provided.
The receivable amount must be paid within 30 days.
Asset on Balance
Considered an asset on a company's balance sheet.
The auditors reviewed the account receivable balances for accuracy.
Compare with
AccountCollectCreditDueOutstandingOwePayableRecover
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