Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Receivable
adj. 1. Capable of being admitted or accepted . 2. Awaiting receipt of payment <accounts receivable>. 3. Subject to a call for payment <a note receivable>. Receivable n. See account receivable under AC. COUNT.
account receivable
(usu. pl.) An account reflecting a balance owed by a debtor; a debt owed by a customer to an enterprise for goods or services. - Often shortened to receivable. - Also termed note receivable. Pl. accounts receivable.
accounts receivable) and its current liabilities. - Also termed quick ratio; acid-test ratio, quick condemnation
See CONDEMNATION.
accounts-receivable insurance.
Insurance against losses resulting from the insured's inability to collect outstanding accounts receivable because of damage to or destruction of records.
bill receivable.
See account receivable under ACCOUNT.
healthcare-insurance receivable.
An interest in or claim under an insurance policy, being a right to payment of a monetary obligation for healthcare goods or services provided. UCC ยง 9-104(c).
note receivable
See account receivable under ACCOUNT.
unrealized receivable
An amount earned but not yet received. ( Unrealized receivables have no income-tax basis for cash-basis taxpayers.