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