receivable Definition
able to be received, especially money owed.
Using receivable: Examples
Take a moment to familiarize yourself with how "receivable" can be used in various situations through the following examples!
Example
The company's receivables have increased significantly this quarter.
Example
The amount of receivables on the balance sheet is a key indicator of a company's financial health.
Example
The invoice shows the total amount receivable from the customer.
Example
The receivable amount will be credited to your account within 3-5 business days.
receivable Synonyms and Antonyms
Phrases with receivable
the money that a company has a right to receive because it has provided goods or services but has not yet been paid by its customers
Example
The accounts receivable for the month of June was $50,000.
trade receivables
the money that a company expects to receive from its customers for the sale of goods or services on credit
Example
The trade receivables for the year amounted to $500,000.
a written promise by a customer to pay a certain amount of money at a specified future date
Example
The company holds notes receivable worth $100,000.
Summary: receivable in Brief
The term 'receivable' [rɪˈsiːvəbl] refers to something that can be received, especially money owed. It is often used in accounting contexts, such as 'accounts receivable' and 'trade receivables,' which denote the money that a company expects to receive from its customers. 'Notes receivable' refer to written promises by customers to pay a certain amount of money at a specified future date.
