Receivables definition: Copy, customize, and use instantly
Introduction
The term "Receivables" refers to amounts due from customers or clients that a business expects to collect in the future. These can include outstanding invoices, promissory notes, and other forms of financial obligations owed to the company. Receivables are an important part of a company’s working capital and cash flow, and they are often used in financial reporting and for securing loans.
Below are various examples of how "Receivables" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Receivables" for customer payments
This definition ties "Receivables" to amounts owed by customers.
"Receivables" means any amounts due and payable by customers or clients for goods sold or services rendered, whether billed or unbilled.
Definition of "Receivables" for trade debtors
This definition connects "Receivables" to trade debtors.
"Receivables" refers to amounts owed by trade debtors for the sale of goods or provision of services, including both short-term and long-term amounts receivable.
Definition of "Receivables" for financial reporting
This definition links "Receivables" to financial reporting.
"Receivables" means outstanding payments owed to the company that are recorded as assets in financial statements, including accounts receivable, notes receivable, and other receivables.
Definition of "Receivables" for secured lending
This definition applies "Receivables" to secured lending scenarios.
"Receivables" refers to the amounts owed to the company that serve as collateral in a secured lending agreement, including invoices, promissory notes, and other receivables.
Definition of "Receivables" for factoring
This definition ties "Receivables" to factoring arrangements.
"Receivables" means amounts due to the company that can be sold or assigned to a third-party financial institution under a factoring agreement for immediate liquidity.
Definition of "Receivables" for trade credit
This definition connects "Receivables" to trade credit.
"Receivables" refers to amounts owed to the company arising from credit extended to customers in the normal course of business, including both accounts and notes receivable.
Definition of "Receivables" for aging analysis
This definition links "Receivables" to aging analysis.
"Receivables" means amounts owed to the company, categorized according to the aging of the debt, such as current, 30 days overdue, 60 days overdue, etc.
Definition of "Receivables" for bad debt provision
This definition ties "Receivables" to bad debt provision.
"Receivables" refers to amounts owed by customers that are expected to be collected, less any provision for bad debts based on the likelihood of non-collection.
Definition of "Receivables" for sales transactions
This definition applies "Receivables" to sales transactions.
"Receivables" means all amounts owed to the company for sales transactions of goods or services, whether billed or in the process of being invoiced.
Definition of "Receivables" for credit risk management
This definition connects "Receivables" to credit risk management.
"Receivables" refers to amounts due from customers, with associated credit risks that are managed through collection policies and credit evaluations.
Definition of "Receivables" for collection procedures
This definition links "Receivables" to collection procedures.
"Receivables" means amounts due to the company that are actively pursued for collection, including past-due accounts, through standard debt recovery procedures.
Definition of "Receivables" for financial leverage
This definition ties "Receivables" to financial leverage.
"Receivables" refers to outstanding amounts owed to the company, which may be used as leverage in obtaining financing, such as a receivables-based loan.
Definition of "Receivables" for cash flow
This definition connects "Receivables" to cash flow.
"Receivables" means amounts owed by customers that impact the company’s cash flow, as they represent future inflows expected to be collected in a given period.
Definition of "Receivables" for the sale of goods
This definition applies "Receivables" to the sale of goods.
"Receivables" refers to amounts owed by customers in exchange for goods sold, typically including unpaid invoices and amounts due under sales agreements.
Definition of "Receivables" for contract agreements
This definition ties "Receivables" to contract agreements.
"Receivables" means amounts owed to the company arising from contract agreements, including amounts due from the sale of goods, services, or other contractual obligations.
Definition of "Receivables" for invoice payments
This definition connects "Receivables" to invoice payments.
"Receivables" refers to unpaid invoices issued by the company for goods or services delivered, which are due for payment under the terms specified in the invoice.
Definition of "Receivables" for operational financing
This definition links "Receivables" to operational financing.
"Receivables" means amounts owed to the company for past sales or services that are used as part of the company’s operational financing strategy, often included in working capital calculations.
Definition of "Receivables" for trade receivables
This definition applies "Receivables" to trade receivables.
"Receivables" refers to amounts due from customers or clients for goods or services delivered in the ordinary course of business, commonly referred to as trade receivables.
Definition of "Receivables" for deferred payments
This definition ties "Receivables" to deferred payments.
"Receivables" means amounts owed by customers for sales where payment has been deferred, typically through installment plans or credit arrangements.
Definition of "Receivables" for interest-bearing receivables
This definition connects "Receivables" to interest-bearing receivables.
"Receivables" refers to amounts owed to the company that accrue interest, typically represented by notes or loans receivable.
Definition of "Receivables" for loan receivables
This definition links "Receivables" to loan receivables.
"Receivables" means amounts due to the company arising from loans made to customers, including principal and any accrued interest.
Definition of "Receivables" for external clients
This definition ties "Receivables" to external clients.
"Receivables" refers to amounts owed by external clients or customers for goods or services provided, and are expected to be collected in the normal course of business operations.
Definition of "Receivables" for overdue accounts
This definition connects "Receivables" to overdue accounts.
"Receivables" means amounts that are overdue, typically categorized as accounts that have not been paid according to the agreed-upon payment terms.
Definition of "Receivables" for asset-backed financing
This definition links "Receivables" to asset-backed financing.
"Receivables" refers to amounts owed to the company that are used as collateral in asset-backed financing arrangements, including both current and long-term receivables.
Definition of "Receivables" for credit sales
This definition ties "Receivables" to credit sales.
"Receivables" refers to amounts owed by customers as a result of credit sales, where payment is expected at a later date under agreed-upon terms.
Definition of "Receivables" for operational assets
This definition connects "Receivables" to operational assets.
"Receivables" means amounts owed to the company that are classified as operational assets, reflecting sales revenue yet to be collected in cash.
Definition of "Receivables" for factoring arrangement
This definition applies "Receivables" to factoring arrangements.
"Receivables" refers to amounts owed by customers under a factoring arrangement, where the company sells the receivables to a third party for immediate cash.
Definition of "Receivables" for business expansion
This definition ties "Receivables" to business expansion.
"Receivables" refers to amounts owed to the company, which may be used to fund business expansion efforts through working capital or operational liquidity.
Definition of "Receivables" for secured assets
This definition connects "Receivables" to secured assets.
"Receivables" means amounts owed to the company that are considered secured assets, often used as collateral in borrowing arrangements.
Definition of "Receivables" for financial instruments
This definition links "Receivables" to financial instruments.
"Receivables" refers to amounts owed to the company that represent financial instruments, such as promissory notes or other negotiable instruments, due for payment.
Definition of "Receivables" for operational liquidity
This definition applies "Receivables" to operational liquidity.
"Receivables" refers to amounts owed by customers that provide operational liquidity, as they are anticipated to be collected within the company's regular cash flow cycle.
Definition of "Receivables" for unpaid balances
This definition ties "Receivables" to unpaid balances.
"Receivables" means outstanding unpaid balances from customers, including both short-term and long-term amounts, that the company expects to collect.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.