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account receivable
noun
plural accounts receivable
: a balance due from a debtor on a current account
Examples of account receivable in a Sentence
Recent Examples on the Web
Here are some quick wins for rapid cash impact and better design for broader business transformation:
1. Find hidden value in accounts receivable and payable.
—Kerry Brown, Forbes, 25 Oct. 2024
It’s modeled after factoring, the commercial practice going back into antiquity in which a company sells its accounts receivable — what it’s owed but has not yet been paid — at a discount to get cash in hand.
—Doug Smith, Los Angeles Times, 24 June 2024
At March 31, 2024, our outstanding accounts receivable balance was $3.7 million.
—Fort Worth Star-Telegram, 14 May 2024
This is helpful for repetitive tasks associated with invoicing, order tracking, credit collections or reconciliations—freeing accounts receivable and accounts payable personnel to focus on more important, strategic initiatives.
—Mark Schwartz, Forbes, 21 Feb. 2024
See all Example Sentences for account receivable
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Word History
First Known Use
1812, in the meaning defined above
Time Traveler
The first known use of account receivable was
in 1812
Dictionary Entries Near account receivable
Cite this Entry
“Account receivable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/account%20receivable. Accessed 5 Nov. 2024.
Legal Definition
account receivable
noun
account re·ceiv·able
-ri-ˈsē-və-bəl
plural accounts receivable
: a balance due from a debtor on a current account
More from Merriam-Webster on account receivable
Britannica.com: Encyclopedia article about account receivable
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