A debt owed by a business that arises in the normal course of dealings and is not supported by a negotiable instrument.
The charge accounts of a department store are accounts receivable, but income from investments usually is not. Accounts receivable generally arise from sales or service transactions. They are not necessarily due or past due. Insurance may be purchased to protect against the risk of being unable to collect on accounts receivable if records are damaged or lost.
"Account Receivable." West's Encyclopedia of American Law. . Encyclopedia.com. (September 26, 2018). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/account-receivable
"Account Receivable." West's Encyclopedia of American Law. . Retrieved September 26, 2018 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/account-receivable
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