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account receivable

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account receivable

–noun, plural accounts receivable.
a claim against a debtor, carried on open account, usually limited to debts due from the sale of goods and services.

Origin:
1935–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: account re·ceiv·able
Pronunciation: -ri-'sE-v&-b&l
Function: noun
Inflected Form: plural accounts receivable
: a balance due from a debtor on a current account
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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