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Receivable: meaning, definitions and examples

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receivable

 

[ rɪˈsiːvəb(ə)l ]

Noun
Context #1 | Noun

business

Amount of money owed to a company by its customers for goods or services provided on credit.

Synonyms

credit owed, money owed, outstanding balance.

Which Synonym Should You Choose?

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Word Description / Examples
receivable

This term is used in accounting and finance to refer to money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.

  • The company has a large amount of receivables on its balance sheet
money owed

This phrase is commonly used to describe any situation where someone needs to pay back money, whether due to loans, services, or goods received.

  • She has a lot of money owed to her friends because of the trip
outstanding balance

This term is often used in financial statements and billing documents to indicate the amount of money that is still owed on an account.

  • Please pay your outstanding balance by the end of the month
credit owed

This term is generally used in informal contexts to indicate money that needs to be paid back, often involving loans or informal borrowing.

  • Do you know how much credit is owed on your account?

Examples of usage

  • Please follow up with the clients to ensure timely payment of receivables.
  • The accounts receivable for this quarter have increased by 10% compared to last year.
  • Managing receivables efficiently is essential for maintaining cash flow.
  • Failure to collect receivables can lead to financial difficulties for the company.
  • Companies often use software to track and manage their accounts receivable.

Translations

Translations of the word "receivable" in other languages:

🇵🇹 a receber

🇮🇳 प्राप्त करने योग्य

🇩🇪 Forderung

🇮🇩 piutang

🇺🇦 дебіторська заборгованість

🇵🇱 należności

🇯🇵 受取債権

🇫🇷 à recevoir

🇪🇸 por cobrar

🇹🇷 alacak

🇰🇷 받을

🇸🇦 مستحق

🇨🇿 pohledávky

🇸🇰 pohľadávky

🇨🇳 应收

🇸🇮 terjatve

🇮🇸 viðskiptakröfur

🇰🇿 алынатын

🇬🇪 საკრედიტო

🇦🇿 gələcək

🇲🇽 por cobrar

Etymology

The word 'receivable' originated from the verb 'receive' in the late Middle English period. It evolved to describe the money that is expected to be received by a company for goods or services provided. The concept of receivables has been essential in business transactions, allowing companies to operate on credit terms while keeping track of amounts owed to them.

See also: receive, received, receiver, receivers, receiving, unreceived.

Word Frequency Rank

Position #9,188 indicates this is an advanced-level word. While not essential for basic communication, it will enhance your ability to understand and create more nuanced content.