Accounts Receivable

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

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
account receivable
 
n
(US) accounting a current asset account showing amounts payable to a firm by customers who have made purchases of goods and services on credit

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