Receivables

Pronunciation: /rɪˈsivəbəlz/

Definitions of receivables

noun money owed to a business by customers or clients for goods or services provided

Example Sentences

A1 Receivables are money owed to a company by its customers.

A2 The company's balance sheet includes a section for receivables.

B1 The finance department is responsible for managing receivables and ensuring timely payments.

B2 The aging report shows the breakdown of receivables by how long they have been outstanding.

C1 The company implemented a new software system to streamline the receivables process.

C2 The CFO presented a detailed analysis of the company's receivables during the board meeting.

Examples of receivables in a Sentence

formal The company's balance sheet includes a section for receivables, which represent the money owed to the business by customers.

informal Make sure to follow up with clients who have outstanding receivables to ensure timely payment.

slang I need to chase down these receivables before the end of the month.

figurative Managing receivables is like playing a game of financial chess - you have to strategize and anticipate your opponent's moves.

Grammatical Forms of receivables

• plural: receivables
• present tense: receive
• future tense: will receive
• perfect tense: have received
• continuous tense: are receiving
• singular: receivable
• infinitive: to receive
• gerund: receiving
• participle: received

Origin and Evolution of receivables

First Known Use: 1601 year

Language of Origin: Middle English

Story behind the word: The word 'receivables' originated from Middle English, derived from the Old French word 'recevable' which means capable of being received.

Evolution of the word: Over time, 'receivables' has come to refer to the amount of money owed to a company by its customers or clients for goods or services provided. The term is commonly used in accounting and finance to track and manage outstanding payments.