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account receivable
noun
plural
accounts receivablea claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services.
account receivable
noun
accounting a current asset account showing amounts payable to a firm by customers who have made purchases of goods and services on credit
51Թ History and Origins
Origin of account receivable1
Example Sentences
Most corporations and nonprofits log pledges as an account receivable - that is, cash owed to the organization.
Comparing October 2013 with October 2014, hospital admissions climbed from 79 to 95, days of cash-on-hand rose from -.02 to 13.8, net days in account receivable dropped from 50 to 46, and average length-of-stay decreased from 5.4 to 4.3.
By far the largest one, in fact an account receivable larger than any which has ever been known since the Chinese first invented an adding machine, he would find to be in excess of ten billion dollars.
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Related 51Թs
- arrears
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