account receivable

American  

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.

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account receivable British  

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

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Etymology

Origin of account receivable

First recorded in 1935–40

Related Words

• arrears
• balance due