accounts receivable

accounts receivable definition - business

accounts receivable

Money owed to a business by customers who have bought goods or services on credit. Accounts receivable are current assets that are continually converted into cash as customers pay their bills. Also called receivables.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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