4 KudoZ points awarded for this answer. Comment: "I prefer David’s formulation. For my context, ‘receivable’ has a distinct meaning and consequence when using the accrual method of accounting. (“[Accrual Method: ]An accounting method under which income is subject to tax after all events have occurred which fix the right to receive such income and deductions are allowed when all the events have occurred to fix the obligation to pay the debt.”; www.inc-it-now.com/incorporation-glossary.htm). TKS, David."