Financial Definition of Accounts Receivable

Money owed by customers.

Browse or run a search for Accounts Receivable in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Accounts Receivable in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Accounts Receivable in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Accounts Receivable in the Legal Abbreviations and Acronyms Dictionary.

Meaning of Accounts Receivable in the United States Tax System

It means a list of money owed on current accounts to a creditor, which is kept in the normal course of the creditor’s business and represents unsettled claims and transactions. Accounts receivable normally arise from the sale of a company’s products or services to its customers. Contrast with accounts payable in the legal dictionary. This definition comes from IRC (check if this IRC provision is current here)§1221(4). Many countries in the world use the concept of Accounts Receivable. See also Accounts Receivable Cycle in this legal dictionary.

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Translate Accounts Receivable from English to Spanish

Translation of Accounts Receivable, with examples. More about free online translation into Spanish of Pagos por recibir and other legal terms is available here.

• Pagos por recibir
• Pagos recibidos
• Legal English Translation

What does Accounts receivable mean in American Law?

The definition of Accounts receivable in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

These are accounts owed to a (non-financial) business enterprise by its customers, and appear on the firm’s books under that heading. They arise out of the business practice of shipping goods before receiving payment, which may not be due until ten to ninety days or even longer after shipment. The corresponding entries on the buyer’s books would be accounts payable. See also accounts receivable financing.

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Vocabularies (Semantic Web Information)

Concept of Accounts Receivable in the context of Real Property

A short definition of Accounts Receivable: Money owed to a business for goods or services. Accounts receivable may be sold or borrowed against. Many times the sale of accounts receivable is for less than face value (discounted).

Concept of Accounts Receivable in the context of Real Property

A short definition of Accounts Receivable: Money owed to a business for goods or services. Accounts receivable may be sold or borrowed against. Many times the sale of accounts receivable is for less than face value (discounted).