Receivable - Meaning, Definition & English Examples
Receivable refers to an amount of money owed to a business or individual, typically from a customer or client, for goods or services provided but not yet paid for. It is recorded as an asset on financial statements.
Definition:
Amounts owed to a business, expected to be paid by customers or clients.
Synonyms:
collectible, due, outstanding, unpaid
Part of Speech:
noun, adjective
Antonyms:
payable, uncollectible
Common Collocations:
accounts receivable, receivable turnover, trade receivables, net receivables
Derivatives:
receivables, receiver
Usage Tips:
Use "receivable" as a noun for debts owed or as an adjective describing such amounts.
Common Phrases:
accounts receivable aging, days sales outstanding, bad debt receivable
Etymology:
Derived from Old French "receivre," meaning "to receive," with the suffix "-able."
Examples:
- 1. The invoice is marked as receivable next month.
- 2. Our company’s receivables have increased this quarter.
- 3. She manages all receivable accounts for the firm.
- 4. The balance sheet lists assets and receivables clearly.