Notes receivable

Notes receivable

Notes Receivable represents claims for which formal instruments of credit are issued as evidence of debt, such as a promissory note. The credit instrument normally requires the debtor to pay interest and extends for time periods of 30 days or longer. Notes receivable are considered current assets if they are to be paid within 1 year and non-current if they are expected to be paid after one year.



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  • notes receivable — notes receivable, 1. current assets in the form of promissory notes presented to debtors. 2. a record of this …   Useful english dictionary

  • notes receivable — In bookkeeping, an account containing evidence of indebtedness for which promissory notes have been given to the account of the party making the entry; the notes themselves are assets …   Black's law dictionary

  • notes receivable — In bookkeeping, an account containing evidence of indebtedness for which promissory notes have been given to the account of the party making the entry; the notes themselves are assets …   Black's law dictionary

  • receivable — re‧ceiv‧a‧ble [rɪˈsiːvəbl] adjective [only after a noun] ACCOUNTING 1. due to be received: • Pretax profit including net interest receivable was up 42%. 2. accounts receivable especially AmE money owed to a business by its …   Financial and business terms

  • receivable — re·ceiv·able /ri sē və bəl/ adj 1: capable of being received 2: subject to call for payment notes receivable see also account receivable receivable n …   Law dictionary

  • receivable — adjective Date: 14th century 1. capable of being received 2. subject to call for payment < notes receivable > …   New Collegiate Dictionary

  • note receivable — ➔ receivable * * * note receivable UK US noun [C] (plural notes receivable) ► ACCOUNTING, FINANCE a document that relates to money that is owed to a company, especially money that must be paid back within a year or less: »The average interest… …   Financial and business terms

  • note receivable — noun your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time • Hypernyms: ↑note, ↑promissory note, ↑note of hand * * * noun (plural notes receivable) 1. : a note of a …   Useful english dictionary

  • Accounts receivable — (A/R) is one of a series of accounting transactions dealing with the billing of customers who owe money to a person, company or organization for goods and services that have been provided to the customer. In most business entities this is… …   Wikipedia

  • Bills receivable — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

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