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
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
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
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