account receivable


noun, plural accounts receivable.

a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services.

QUIZZES

WHO SAID IT: A QUIZ ON PRESIDENTIAL WIT AND WISDOM

Think you know your presidents? Take this quiz and see if you can match the style, wit, and ideology of these memorable lines to the right POTUS.
Question 1 of 9
“I do believe that the buck stops here, that I cannot rely upon public opinion polls to tell me what is right. I do believe that right makes might and that if I am wrong, 10 angels swearing I was right would make no difference.”

Origin of account receivable

First recorded in 1935–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for account receivable

account receivable

noun

accounting, US a current asset account showing amounts payable to a firm by customers who have made purchases of goods and services on credit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012