1. Capable of being admitted or accepted (receivable evidence).
2. Awaiting receipt of payment (accounts receivable).
3. Subject to a call for payment (a note receivable).
receivable, n. An amount owed, esp. by a business’s customer. See account receivable under ACCOUNT.
unrealized receivable. An amount earned but not yet received. • Unrealized receivables have no income-tax basis for cash-basis taxpayers. [Cases: Internal Revenue 3931, 3935.]
