account receivable

noun

, plural accounts receivable.

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

account receivable

noun

1. accounting a current asset account showing amounts payable to a firm by customers who have made purchases of goods and services on credit

Word History and Origins

Origin of account receivable¹

First recorded in 1935–40

Related Words

• arrears
• balance due