Eligible Receivable definition: Copy, customize, and use instantly
Introduction
The term "Eligible Receivable" refers to an accounts receivable that meets the required criteria set forth by a lender, investor, or contract. It typically involves conditions such as collectability, proper documentation, and adherence to agreed-upon terms. It is essential for determining the value of receivables that can be used for financing or as collateral.
Below are various examples of how "Eligible Receivable" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Eligible Receivable" as a receivable qualifying for financing or collateral
This definition ties "Eligible Receivable" to the criteria required for financial transactions.
"Eligible Receivable" means an accounts receivable that meets specific criteria for inclusion in a financing arrangement or as collateral, including factors such as the debtor's creditworthiness, payment terms, and confirmation of the debt.
Definition of "Eligible Receivable" as a receivable for factoring or asset-based lending
This definition connects "Eligible Receivable" to factoring agreements.
"Eligible Receivable" refers to an outstanding account that qualifies for factoring or asset-based lending based on conditions such as payment history, the financial status of the debtor, and the absence of disputes.
Definition of "Eligible Receivable" as a collectible receivable under contractual terms
This definition links "Eligible Receivable" to the contractual obligations of both parties.
"Eligible Receivable" means a receivable that is due, undisputed, and collectible, in compliance with the terms and conditions agreed upon in the contract with the debtor.
Definition of "Eligible Receivable" as a receivable eligible for inclusion in a securitization transaction
This definition applies "Eligible Receivable" to securitization deals.
"Eligible Receivable" refers to an accounts receivable that meets the specific requirements set forth in a securitization agreement, including factors such as creditworthiness, payment timing, and legal enforceability.
Definition of "Eligible Receivable" as a current, unexpired receivable
This definition ties "Eligible Receivable" to the age and status of the receivable.
"Eligible Receivable" means an outstanding receivable that is due for payment within the agreed terms and is not overdue or expired.
Definition of "Eligible Receivable" as a receivable without any legal disputes
This definition connects "Eligible Receivable" to the legal status of the receivable.
"Eligible Receivable" refers to an account receivable that is free from legal disputes, claims, or objections by the debtor, making it collectible.
Definition of "Eligible Receivable" as a receivable from a creditworthy customer
This definition links "Eligible Receivable" to the creditworthiness of the debtor.
"Eligible Receivable" means a receivable that arises from a transaction with a customer who has a history of timely payments or a high credit rating.
Definition of "Eligible Receivable" as a receivable that meets lender’s criteria for borrowing
This definition applies "Eligible Receivable" to asset-based lending scenarios.
"Eligible Receivable" refers to a receivable that complies with the lender’s criteria for inclusion in a borrowing base, including acceptable debtor terms and adequate proof of debt.
Definition of "Eligible Receivable" as a receivable subject to an enforceable agreement
This definition connects "Eligible Receivable" to the enforceability of the underlying agreement.
"Eligible Receivable" means a receivable resulting from a contract or transaction that is legally binding and enforceable under applicable laws.
Definition of "Eligible Receivable" as a receivable without set-off rights
This definition ties "Eligible Receivable" to the absence of offsets or deductions.
"Eligible Receivable" refers to a receivable that is not subject to set-off or deductions due to claims or offsets by the debtor.
Definition of "Eligible Receivable" as a non-returnable receivable
This definition links "Eligible Receivable" to the status of returns or disputes.
"Eligible Receivable" means an account receivable that is final, non-returnable, and not subject to returns, adjustments, or credits by the debtor.
Definition of "Eligible Receivable" as a receivable that is not subject to bankruptcy or insolvency claims
This definition connects "Eligible Receivable" to the financial health of the debtor.
"Eligible Receivable" means a receivable that is not subject to the debtor's bankruptcy, insolvency, or similar legal proceedings.
Definition of "Eligible Receivable" as a receivable with clear payment terms
This definition applies "Eligible Receivable" to defined and agreed payment terms.
"Eligible Receivable" refers to an accounts receivable that has clear, unambiguous payment terms specified in the agreement with the debtor.
Definition of "Eligible Receivable" as a receivable that meets the criteria of the buyer’s credit policy
This definition links "Eligible Receivable" to the buyer's internal credit assessment policies.
"Eligible Receivable" means a receivable that meets the buyer’s internal credit policy criteria, including acceptable debtor credit ratings and payment history.
Definition of "Eligible Receivable" as a receivable based on completed sales transactions
This definition connects "Eligible Receivable" to the completion of the transaction.
"Eligible Receivable" refers to an outstanding receivable that arises from a completed sales transaction, where goods or services have been delivered in full to the debtor.
Definition of "Eligible Receivable" as a receivable from an authorized debtor
This definition links "Eligible Receivable" to the debtor's authority to make payments.
"Eligible Receivable" means a receivable arising from a transaction with a debtor who has the legal authority to enter into and fulfill the payment obligations.
Definition of "Eligible Receivable" as a receivable where the debtor’s solvency is not in question
This definition applies "Eligible Receivable" to the solvency of the debtor.
"Eligible Receivable" refers to an account that is not at risk due to the debtor's solvency or financial condition and is expected to be paid in full.
Definition of "Eligible Receivable" as a receivable where the debtor is not in default
This definition ties "Eligible Receivable" to default status.
"Eligible Receivable" means a receivable that is not in default, with payments made or expected in accordance with agreed-upon terms.
Definition of "Eligible Receivable" as a receivable with clear ownership
This definition connects "Eligible Receivable" to clear ownership and transferability.
"Eligible Receivable" refers to an account where the ownership is clear, with no conflicting claims or disputes over the receivable.
Definition of "Eligible Receivable" as a receivable subject to a signed agreement
This definition applies "Eligible Receivable" to contractual clarity.
"Eligible Receivable" means an account receivable that arises from a transaction supported by a signed, enforceable agreement or contract.
Definition of "Eligible Receivable" as a receivable with a verified source of payment
This definition links "Eligible Receivable" to verification of payment sources.
"Eligible Receivable" refers to an account where the source of payment is verified, such as through bank transfers or confirmed invoices.
Definition of "Eligible Receivable" as a receivable from a domestic debtor
This definition ties "Eligible Receivable" to the geographical location of the debtor.
"Eligible Receivable" means a receivable from a domestic debtor that meets the necessary conditions for credit and collection.
Definition of "Eligible Receivable" as a receivable arising from services rendered
This definition applies "Eligible Receivable" to service-based transactions.
"Eligible Receivable" refers to a receivable resulting from services that have been rendered and accepted by the debtor, with payment expected.
Definition of "Eligible Receivable" as a receivable free from liens or encumbrances
This definition connects "Eligible Receivable" to clear financial status.
"Eligible Receivable" means an account that is free from liens, encumbrances, or other claims that could affect the collection of the receivable.
Definition of "Eligible Receivable" as a receivable backed by a guarantor
This definition ties "Eligible Receivable" to a secured payment source.
"Eligible Receivable" means a receivable that is backed by a guarantor or another party providing a legally enforceable guarantee for the payment.
Definition of "Eligible Receivable" as a receivable with a specified payment date
This definition connects "Eligible Receivable" to clear payment schedules.
"Eligible Receivable" refers to an accounts receivable that has a defined and agreed-upon payment date, providing certainty for collection.
Definition of "Eligible Receivable" as a receivable with no contingent obligations
This definition applies "Eligible Receivable" to straightforward payment terms.
"Eligible Receivable" means a receivable that is free from any contingent obligations or conditions that could delay or reduce payment.
Definition of "Eligible Receivable" as a receivable not subject to dispute
This definition ties "Eligible Receivable" to uncontested debts.
"Eligible Receivable" refers to an accounts receivable that is not subject to any dispute, set-off, or counterclaim by the debtor.
Definition of "Eligible Receivable" as a receivable arising from a transaction with a government agency
This definition connects "Eligible Receivable" to public sector transactions.
"Eligible Receivable" means a receivable arising from a transaction with a government agency or other public entity that is likely to be paid within the terms of the agreement.
Definition of "Eligible Receivable" as a receivable from a non-defaulting customer
This definition links "Eligible Receivable" to the payment history of the debtor.
"Eligible Receivable" refers to a receivable from a customer who has not defaulted on previous payments and is in good standing regarding their financial obligations.
Definition of "Eligible Receivable" as a receivable that meets specific credit criteria
This definition ties "Eligible Receivable" to the creditworthiness of the debtor.
"Eligible Receivable" means an account receivable that meets the necessary credit criteria established by the lender or financing party for approval.
Definition of "Eligible Receivable" as a receivable secured by an invoice
This definition applies "Eligible Receivable" to formally documented debts.
"Eligible Receivable" refers to a receivable that is supported by a valid, properly documented invoice, which confirms the amount due and payment terms.
Definition of "Eligible Receivable" as a receivable subject to a fixed payment schedule
This definition links "Eligible Receivable" to consistent and predictable payment terms.
"Eligible Receivable" means an account receivable that follows a fixed payment schedule with clearly defined installment amounts and due dates.
Definition of "Eligible Receivable" as a receivable from a high-quality customer
This definition connects "Eligible Receivable" to the quality of the debtor.
"Eligible Receivable" refers to a receivable from a customer with a high credit rating or financial stability, reducing the risk of non-payment.
Definition of "Eligible Receivable" as a receivable with no undisclosed risks
This definition applies "Eligible Receivable" to transparent financial obligations.
"Eligible Receivable" means a receivable where all associated risks, liabilities, and potential disputes are fully disclosed and managed.
Definition of "Eligible Receivable" as a receivable with full legal documentation
This definition ties "Eligible Receivable" to legal enforceability.
"Eligible Receivable" refers to a receivable that is backed by full legal documentation, including contracts, invoices, and any required agreements, making the debt enforceable.
Definition of "Eligible Receivable" as a receivable under a valid credit agreement
This definition links "Eligible Receivable" to formal credit arrangements.
"Eligible Receivable" means a receivable arising from a transaction conducted under a valid and enforceable credit agreement with the debtor.
Definition of "Eligible Receivable" as a receivable from an authorized seller or supplier
This definition connects "Eligible Receivable" to authorized transactions.
"Eligible Receivable" refers to a receivable arising from a transaction with an authorized seller or supplier, ensuring legitimacy and accountability.
Definition of "Eligible Receivable" as a receivable arising from a completed contract
This definition ties "Eligible Receivable" to contract fulfillment.
"Eligible Receivable" means a receivable that arises from a contract that has been fully performed by the seller, with goods delivered or services rendered in accordance with the contract terms.
Definition of "Eligible Receivable" as a receivable in compliance with local laws
This definition links "Eligible Receivable" to legal compliance.
"Eligible Receivable" refers to an accounts receivable that complies with all applicable local, state, or national laws governing the transaction, ensuring it is legally enforceable.
Definition of "Eligible Receivable" as a receivable without undisclosed deductions
This definition applies "Eligible Receivable" to clear payment expectations.
"Eligible Receivable" means a receivable that does not have any undisclosed deductions, adjustments, or offsets that would affect the full amount due.
Definition of "Eligible Receivable" as a receivable without any pending litigation
This definition ties "Eligible Receivable" to the absence of legal challenges.
"Eligible Receivable" refers to an accounts receivable that is not subject to any pending litigation, disputes, or legal proceedings that could delay or reduce payment.
Definition of "Eligible Receivable" as a receivable with no significant credit risk
This definition connects "Eligible Receivable" to financial security and risk assessment.
"Eligible Receivable" means a receivable where the credit risk is deemed minimal due to the financial strength of the debtor or the nature of the transaction.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.