Receivable

usgb/rɪˈsiːvəbl/
adjective

Something that is owed or needs to be paid to someone.

The company has an account receivable of $5000.
Visual representation of "receivable" - Something that is owed or needs to be paid to someone.

Often appears as...

  • account receivable
  • notes receivable

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "receivable"
LampPro Tip 1/3

Business Context

Used in business to describe future payments owed to a company.

Illustration for Business Context
Our receivables from clients total over $200,000.
LampPro Tip 2/3

Expectation of Payment

Implies an expectation to receive payment for goods or services provided.

Illustration for Expectation of Payment
The receivable amount must be paid within 30 days.
LampPro Tip 3/3

Asset on Balance

Considered an asset on a company's balance sheet.

Illustration for Asset on Balance
The auditors reviewed the account receivable balances for accuracy.
Visual representation of the word "Receivable"

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