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Definition of Note receivable
1. Noun. Your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time.
Lexicographical Neighbors of Note Receivable
Literary usage of Note receivable
Below you will find example usage of this term as found in modern and/or classical literature:
1. Accounting Theory and Practice by Roy Bernard Kester (1917)
"Frequently the "note receivable" acts as an intermediate step ... The kind of
claim represented by a note receivable is, legally, different from the open ..."
2. Accounts; Their Construction and Interpretation: For Business Men and by William Morse Cole (1915)
"When a note receivable is discounted, the natural entry is to debit Cash and
credit Bills Receivable; but this fails to record the contingent liability. ..."
3. Fundamentals of Accounting: Principles and Practice of Bookkeeping by Sietse Bernard Koopman, Roy Bernard Kester (1921)
"A note made by others payable to the proprietor is a note receivable, as illustrated
in Form ... note receivable The note may be with or without interest. ..."
4. Advanced Accounting by George Edward Bennett (1922)
"A note receivable is assumed to be preferable to an open account with a debtor
for three ... Since a discounted note receivable is a contingent liability, ..."
5. Accounting Principles: Their Use in Business Management by Spurgeon Bell (1921)
"Discount of note receivable. — In order to obtain immediate cash, a business
frequently discounts its notes receivable before maturity, the proceeds usually ..."
6. Principles of Accounting by Stephen Gilman (1916)
"A note receivable contains a definite promise in written form and is ... A note
receivable imports consideration, that is, that value has been given and, ..."
7. Bookkeeping and Accountancy: Presenting the Art of Bookkeeping in Accordance by Harry Marc Rowe (1910)
"The principal difference between a note receivable or a note payable and a personal
account is ... Any note receivable that cannot be collected is a loss. ..."
8. Modern Accountant by James A. Lyons, Walter L. Read (1911)
"How can I dispose of a note receivable without waiting for it to be paid by the
... Debit the notes receivable account when a note receivable is received ..."
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