Definitions
- Referring to an amount of money that is owed to a company or individual. - Describing an asset that is expected to be received in the future, such as an outstanding invoice or payment. - Talking about a financial term used in accounting to represent money that is due to be received.
- Referring to an amount of money that has not been paid by a person or entity. - Describing a debt or obligation that remains outstanding and has not been settled. - Talking about a term used to describe an invoice or bill that has not been paid.
List of Similarities
- 1Both words refer to money that is owed or expected to be received.
- 2Both words are used in financial contexts.
- 3Both words can be used to describe outstanding debts or obligations.
What is the difference?
- 1Focus: Receivable emphasizes the expectation of receiving money in the future, while unpaid focuses on the lack of payment for a past obligation.
- 2Usage: Receivable is typically used in accounting or business contexts, while unpaid is more commonly used in everyday language.
- 3Connotation: Receivable has a neutral or positive connotation, while unpaid can have a negative connotation.
- 4Timing: Receivable refers to future payments, while unpaid refers to past payments.
- 5Scope: Receivable can refer to any amount of money that is owed, while unpaid specifically refers to an amount that has not been paid.
Remember this!
Receivable and unpaid are both words used to describe money that is owed or expected to be received. However, receivable is typically used in accounting or business contexts and emphasizes the expectation of future payment, while unpaid is more commonly used in everyday language and focuses on past obligations that have not been fulfilled.
