Receivables: Accounts receivable; an amount that is owed the business, usually by one of its customers as a result of the ordinary extension of credit,

 

Related Words

Receivables: Accounts receivable; an amount that is owed the business, usually by one of its customers as a result of the ordinary extension of credit,

Average Collection Period, Or Days Receivables: The ratio of accounts receivables to sales, or the total amount of credit extended per dollar of daily sales (average AR/sales 365).

Receivables Turnover Ratio: Total operating revenues divided by average receivables. Used to measure how effectively a firm is managing its accounts receivable.

Certificates Of Automobile Receivables (CAR): Pass-through securities backed by credit card receivables.

Days In Receivables: Establishing and liquidating the same position or positions within one day's trading.

Number Of Days Sales In Receivables: A measure of the average number of days it takes to collect a credit sale: computed by dividing 365 days by the accounts receivable turnover.

Receivables Balance Fractions: The percentage of a month's sales that remains uncollected (and part of accounts receivable) at the end of succeeding months.

Account Receivable Turnover: A measure used to determine a company's average collection period for receivables: computed by dividing net sales (or net credit sales) by average accounts receivable.

Net Realizable Value Of Accounts Receivable: The net amount that would be received if all receivables considered collectible were collected: equal to total accounts receivable less the allowance for uncollectible accounts: also called . . . View Full Definition

Uncollectible Accounts Expense: An account that represents the portion of the current period's receivables that are estimated to become uncollectible.