accounts receivable

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Related to receivables: Net Receivables, Receivables Financing

accounts receivable

n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying its own debts. Evaluation of the chances of collecting based on history of customers' payments, quality of customers and age of the accounts receivable and debts is important. A big mistake made by people overly-eager to buy a business is to give too high a value to the accounts receivable without considering the chances of collection.

accretion: n. 1) in real estate, the increase of the actual land on a stream, lake or sea by the action of water which deposits soil upon the shoreline. Accretion is Mother Nature's little gift to a landowner. 2) in estates, when a beneficiary of the person who died gets more of the estate than he/she was meant to because another beneficiary or heir dies or rejects the gift. Example: if a brother and sister were supposed to divide a share of Dad's estate, but Brother doesn't want it, then Sister's share grows by accretion. 3) in trusts, accretion occurs when a beneficiary gets a surprising increase in benefits due to an unexpected event. (See: probate, trust)

References in periodicals archive ?
The receivables owed to Egypt from foreign oil companies has reached $6.3bn in August 2013 according to government reports, and a $1bn was paid in October 2013.
Some of Resurs Bank's receivables that are over 120 days past due will be sold to the credit management companies.
Target: USD 7.6bn in receivables, including PayPal's US consumer credit receivables portfolio
According to the Power Division, disconnected defaulter's receivables were recorded at Rs99 billion.
TReDS is an automated system driven platform which will enable the MSMEs to auction their trade receivables at competitive interest rates through a transparent bidding process in which multiple financiers will participate.
As the housing developer's primary business is to build and sell houses and not to finance consumers' purchase of houses, the strategy is to sell some of the receivables to other financing institutions.
(P5.45 million), and Fog Horn (P248.8 million).The receivables arose from the sale of different housing units.
Integrating our platform into BNY Mellon's receivables offerings is going to add an exciting new dimension to the service BNY Mellon provides to its clients.
An open-account structured vendor-payables program involves the sale of receivables owned by various suppliers and owed by one particular buyer.
The receivables of the residential users is $3.3 million; in comparison with 2013, it has decreased by 16.4%.
With this new capability we will plug a significant gap which exists in the corporates accounts receivables management, something which banks have traditionally failed to address.AAC/a[euro]sA!A
This article seeks to clarify what banks are looking for when providing credit facilities backed by receivables. The article is specific to receivables emanating from government contracts although the sections on Assignment of Receivables and Invoice Discounting equally apply to private contracts.