Definition, Meaning & Synonyms
receivable
noun
/rɪˈsiː.və.bəl/
Definition
An amount of money that is owed to a business or individual.
Examples
- The company has numerous receivables from its clients.
- To manage cash flow effectively, understanding your receivables is crucial.
- He worked on collecting outstanding receivables to improve the firm’s financial health.
Meaning
In finance and accounting, ‘receivable’ refers to funds that a company expects to receive from its customers after providing a product or service. These amounts are usually recorded on the balance sheet as current assets.
Synonyms
- Accounts receivable
- Debts
- Outstanding payments
