receivables

receivables
Name used by bankers to describe moneys owed to a business and yet to be received. Usually the amounts due from trade creditors who purchased goods or services on credit. Functionally equivalent to accounts or accounts receivable except that accounts is the only legally acceptable way to describe these assets for purposes of Article 9 of the Uniform Commercial Code. American Banker Glossary

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receivables re‧ceiv‧a‧bles [rɪˈsiːvəblz] noun [plural] ACCOUNTING
amounts of money due to be paid to a company; = ACCOUNTS RECEIVABLE:

• The company recently collected more than £30 million in overdue foreign receivables.

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   Any outstanding debts due to a company.

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receivables UK US /rɪˈsiːvəblz/ noun [plural] US
ACCOUNTING amounts owed by customers to a company at a particular time and not yet paid: »

The company improved the management of its receivables by getting customers to pay faster.

»

Many small firms struggle with the problem of receivables that will never be paid back.

See also ACCOUNTS RECEIVABLE(Cf. ↑accounts receivable)

Financial and business terms. 2012.

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Look at other dictionaries:

  • receivables — The word receivables has no legal definition, but is used to mean the amounts owed to a business by debtors. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010. receivables …   Law dictionary

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  • Receivables turnover ratio — Total operating revenues divided by average receivables. Used to measure how effectively a firm is managing its accounts receivable. The New York Times Financial Glossary …   Financial and business terms

  • receivables turnover ratio — Total operating revenues divided by average receivables. Used to measure how effectively a firm is managing its accounts receivable. Bloomberg Financial Dictionary …   Financial and business terms

  • receivables — noun plural Date: 1863 amounts of money receivable …   New Collegiate Dictionary

  • receivables — noun All the debts etc. owed to a company by its debtors or customers …   Wiktionary

  • receivables — Synonyms and related words: avails, box office, commissions, credit, credits, disposable income, dividend, dividends, earned income, earnings, gains, gate, gate receipts, get, gross, gross income, gross receipts, income, intake, make, net, net… …   Moby Thesaurus

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