Abbreviation for accounts receivable.
finance
A/R
Definition
Absolute-Bar Rule
Definition
A rule preventing a creditor who sells collateral in a commercially unreasonable manner, e.g. without giving reasonable notice to the debtor, from obtaining a deficiency judgment.
Illustrative caselawSee, e.g. Beardmore v. American...
Abuse
Definition
1) Abuse, generally: physically, sexually, or mentally injuring a person.
2) Child abuse: physically, sexually, or mentally injuring a child either with intent or through neglect.
3) Substance abuse: excessively using or misusing...
Accelerated Depreciation
Definition
Any method of depreciation used by businesses for accounting or tax purposes that allows greater deductions in the earlier years of the life of a company asset, as opposed to the straight-line depreciation method.
Accelerated...
Acceleration
See also Acceleration Clause
Acceleration Clause
Definition
An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions.
OverviewAn accelerated clause is typically invoked when the borrower materially breaches the loan...
Account
Definition
Within the context of secured transactions under Article 9 of the Uniform Commercial Code, this refers to a right to payment of a monetary obligation. Not included: (1) letters of credit, (2) commercial tort claims, (3) deposit accounts, (4...
Account Debtor
Definition
Someone who owes an obligation by virtue of an account, chattel paper, or general intangible.
Illustrative caselawSee, e.g. Nickey Gregory Co., LLC v. AgriCap, LLC, 597 F.3d 591 (4th Cir. 2010).
See alsoSecured transactions
Account Receivable
Definition
See accounts receivable.
Account Stated
Definition
A statement between a creditor and a debtor that settles the total amount of debt owed to the creditor.
There are three elements of an account stated: (1) There exists prior transactions between the parties, creating a creditor-debtor...