Credit And Collections

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

• The company's balance sheet includes a section for receivables, which represent the money owed to the business by customers.
• Make sure to follow up with clients who have outstanding receivables to ensure timely payment.
• I need to chase down these receivables before the end of the month.
• Managing receivables is like playing a game of financial chess - you have to strategize and anticipate your opponent's moves.

noun an amount of money owed to a company by a customer for goods or services provided on credit

• The company's accounts receivable department is responsible for tracking and collecting payments from customers.
• Hey, make sure you send out those invoices so our accounts receivable stays up to date.
• I heard the accounts receivable team is swamped with chasing down payments.
• Managing your accounts receivable is like keeping track of a constantly flowing river of money.