Meaning of the word receivables in English

What does receivables mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

receivables

US /rɪˈsiːvəblz/
UK /rɪˈsiːvəblz/
"receivables" picture

Plural Noun

1.

money that is owed to a company by its customers

Example:
The company's receivables increased significantly this quarter.
Managing receivables efficiently is crucial for cash flow.
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