Definition, Meaning & Synonyms
receivables
noun
/rɪˈsiː.və.bəlz/
Definition
Amounts of money owed to a company by its customers for goods or services delivered but not yet paid for.
Examples
- The company had a high amount of receivables due to its extended credit terms.
- Tracking receivables is crucial for maintaining cash flow in a business.
Meaning
Receivables refer to the money that is expected to be received by a business from its customers for credit sales.
Synonyms
- Accounts receivable
- Debts owed
- Outstanding invoices
