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account receivable Definition

account receivable

noun pl. accounts receivable

the amount owed to a business by a debtor, usually for goods or services

account receivable Law Definition

n

The balance owed by a debtor as indicated by an account. See also account payable.
account receivable Usage Examples

Adjective modifier

  • payable: Functionality includes general ledger, budget, cost allocations, accounts payable, accounts receivable, and statutory statement automation.
  • other: Most asset based loans are collateral against other accounts receivable, inventory, or equipment.

Noun used with modifier

  • customer: Deferred revenue comprises the remaining amount of gross revenue which is carried forward in customers accounts receivable.