note receivable
- noun
- Specialized
:
cobro pendiente
- The company has a note receivable due next month.
Examples
-
The accountant recorded a note receivable of $50,000 that the client must pay within one year.
-
When reviewing the balance sheet, we found a note receivable indicating that a customer will pay $75,000 next month.
-
Auditors carefully reviewed each note receivable to ensure the terms were being met.
-
She expected payment on the note receivable within sixty days, as stated in the agreement.
-
The company recorded a note receivable on its balance sheet after lending money to a supplier.
-
We recorded the notes receivable in our financial statements.
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The company reported a note receivable as part of its assets, showing money expected to be received from customers.
Synonyms
173
1.5
A paper bill used as money or a written promise to pay money
6
7.0
A written promise to pay money to a named person or holder, payable on demand and sometimes later
1
7.1
A written promise to pay money when the lender asks
A written promise to pay money on a specific date
A written promise to pay a set amount of money when asked or at a fixed time
How Formal
- Specialized
6
7.0
- Specialized
- Specialized
4
5.2
10
3.8
Surface Forms
Morphology
The meaning is directly compositional: a 'note' (a promissory instrument) described as 'receivable' (able/expected to be received) yields 'a note that will be received' — i.e., an asset. This follows standard English noun + adjective composition and parallels constructions in other languages (e.g., nota por cobrar, note recevable), so a B1 learner who knows both constituents can reasonably infer the MWE meaning.
Etymology
The term note receivable comes from the simple idea of a written promise. A note is like an 'IOU' that says someone will pay later and receivable shows the money is 'to be received', so it means a paper promise to get a specific payment that a company lists as money it expects to receive.