What is the definition of Notes receivable? | Dictionary.net

NOTES RECEIVABLE

\nˈə͡ʊts ɹɪsˈiːvəbə͡l], \nˈə‍ʊts ɹɪsˈiːvəbə‍l], \n_ˈəʊ_t_s ɹ_ɪ_s_ˈiː_v_ə_b_əl]\

Definitions of NOTES RECEIVABLE

1910 - Black's Law Dictionary (2nd edition)

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Written undertakings stating the amount of money receivableat a future date. If it is due withing 12 months, it is considered as current of the balance sheet date and non-current if it is due after 12 months.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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