Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

receivable

Read a random definition: debit card

A quick definition of receivable:

Receivable: An amount of money that someone owes to a business. It means that the business is waiting to receive payment for something they have sold or done. For example, if you buy a toy from a store but don't pay for it right away, the store will have a receivable until you pay them.

A more thorough explanation:

Definition: Receivable is an adjective that means something is capable of being admitted or accepted, awaiting receipt of payment, or subject to a call for payment. As a noun, it refers to an amount owed, especially by a business's customer.

For example, a company may have accounts receivable, which are amounts owed by their customers for goods or services provided. These accounts are considered assets on the company's balance sheet. Another example is a note receivable, which is a written promise to pay a certain amount of money at a future date.

Unrealized receivables are amounts earned but not yet received. These have no income-tax basis for cash-basis taxpayers. An example of an unrealized receivable is a company that has completed work for a customer but has not yet received payment for it.

Overall, receivable refers to money that is owed to a person or business, and it is important for companies to keep track of their accounts receivable to ensure they are being paid for their services or products.

receiptor | receiver general

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.