RECEIVABLE
receivable,adj.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.] [Blacks Law 8th]