- accounts receivableAmounts due from customers from credits sales of products or services; "trade receivables"
- aging of accounts receivableAnalysis used to estimate the uncollectible accounts; involves stratification of receivables based upon age
- allowance method for uncollectiblesA method that estimates uncollectibles as a portion of total receivables and establishes an offsetting contra allowance account
- direct write-off methodA simple, non-GAAP, method that expenses uncollectible accounts only as they are determined to be uncollectible and are written off
- dishonoring a noteTo fail to pay a note at maturity
- interestThe charge imposed on the borrower of funds for the use of money
- makerThe party creating the note and agreeing to make payment
- maturity dateThe date on which a note and related interest are due to be paid
- maturity valueThe amount due at maturity of a note; includes principal and interest
- net realizable value (receivables)The amount of cash expected to be collected on outstanding accounts receivable; accounts receivable minus the allowance for uncollectibles
- nontrade receivablesAmounts due from transactions and events not directly related to sales of products or services
- notes receivableA written promise from a client or customer to pay a definite amount of money on a specific future date
- payeeThe party to whom a note is made payable
- principalThe basic stated amount of a note on which interest is usually calculated; generally relating to the amount borrowed
- trade receivablesAmounts due from customers from credits sales of products or services
