Receivable
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Banking basics
A recap of a few things you’d think financial professionals ought to know
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Receivable
(n.)
A generic term in finance for an amount of money you are owed but have not been paid yet. This might be principal or interest payable under a debt, as payment for goods supplied or services rendered, a refund — but it has the fundamental quality of being a sum of money you are legally owed by someone else, who might go bust before they pay it do you.