RECEIVABLE — Definition of RECEIVABLE
noun
1
A debt owed, usually to a business, from the perspective of that business
One man's receivable is another man's payable.
2
Especially, a debt arising from a sale on account or on credit.
adjective
1
Capable of being received, especially of a debt, from the perspective of the creditor.
📚 Source: en.wiktionary.org/wiki/receivable
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