How Do You Spell RECEIVABLE?

Pronunciation: [ɹɪsˈiːvəbə͡l] (IPA)

The word "receivable" (/rɪˈsiːvəbəl/) is spelled with the prefix "re-" meaning "again" or "back" and the root word "receive" which means "to take possession of something". The suffix "-able" means "can be done". Thus, "receivable" means something that can be received or collected. This word is commonly used in accounting and finance to refer to money that is expected to be collected from customers or clients. It is essential to spell this word correctly to avoid any confusion or errors in financial statements.

RECEIVABLE Meaning and Definition

1. Receivable refers to an item or amount that is owed to a person, organization, or business entity as a result of a transaction or an agreement. It represents the right to receive a payment or the total amount of money that is expected to be collected from customers or borrowers.

   In the context of accounting and finance, receivables typically refer to accounts receivable, which is the money owed to a company by its customers or clients for goods sold or services rendered. This may include invoices that have been issued but not yet paid by the customers.

   Receivables are considered as assets on the balance sheet of a company, reflecting the future economic benefit that is expected to be received. It represents the company's claim or equitable entitlement to the payment from the debtor.

   There are various types of receivables, including trade receivables, which are amounts owed by customers for credit sales, and non-trade receivables, which encompass any other types of receivables such as loans, advances to employees, or tax refunds.

   Receivables are usually recorded at their net realizable value, which accounts for any potential losses or uncollectible amounts. They are monitored and managed by the company's accounting department, and efforts are made to collect the receivables in a timely manner to improve cash flow and liquidity.

   Overall, receivables play a crucial role in assessing a company's financial health and measuring its ability to generate cash inflows in the future.

2. That may be received.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Top Common Misspellings for RECEIVABLE *

• recievable 56%
• receiveable 27.2%
• recivable 2.4%
• receivalbe 1.6%
• receviable 1.6%
• receibable 1.6%
• receiivable 1.6%
• reciveble 1.6%
• recivible 1.6%

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for RECEIVABLE

• receiveables
• preceivable
• retreivable
• reciveable
• receivible
• receival
• recevable
• receieveable
• recivables
• renevable
• receivlable
• receivabel
• deceiable
• reragable
• receiviable
• rechiable

Etymology of RECEIVABLE

The word "receivable" originated from the Old French term "recevabilitie" which was derived from the verb "receivre" meaning "to receive". It entered the English language in the early 15th century as "recevable" or "receyvable" with the same meaning of "capable of being received or accepted". Over time, the spelling evolved to "receivable" in its current form.

Idioms with the word RECEIVABLE

• Assignment of Accounts Receivable "Assignment of Accounts Receivable" is an idiom that refers to the legal process of transferring or selling the rights to receive payment for outstanding invoices or money owed by customers to a third party. This is typically done by businesses to improve their cash flow or to obtain immediate funds, rather than waiting for the customers to pay. The party purchasing or acquiring the accounts receivable is usually referred to as the assignee, while the original business or creditor is the assignor.

Similar spelling word for RECEIVABLE

• receivables.

Plural form of RECEIVABLE is RECEIVABLES