Account Receivable

Business, Legal & Accounting Glossary

Definition: Account Receivable

Account Receivable

Quick Summary of Account Receivable

A debt owed by a business that arises in the normal course of dealings and is not supported by a negotiable instrument.

Full Definition of Account Receivable

The charge accounts of a department store are accounts receivable, but income from investments usually is not. Accounts receivable generally arise from sales or service transactions. They are not necessarily due or past due. Insurance may be purchased to protect against the risk of being unable to collect on accounts receivable if records are damaged or lost.

Related Phrases

Account Payable

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Account Receivable. Payroll & Accounting Heaven Ltd.
May 20, 2024
Chicago Manual of Style (CMS):
Account Receivable. Payroll & Accounting Heaven Ltd. (accessed: May 20, 2024).
American Psychological Association (APA):
Account Receivable. Retrieved May 20, 2024
, from website:

Definition Sources

Definitions for Account Receivable are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th October, 2021 | 0 Views.