Practical Law UK Glossary 3-107-7110 (Approx. 3 pages)
Glossary
Receivables
The word receivables has no legal definition, but is used to mean the amounts owed to a business by debtors. It is wider in scope than the term book debts.
In the context of a securitisation, receivables represent the assets (for example, music royalties) or debts (for example, mortgage loans) purchased by a special purpose vehicle from the originator (that is, the entity that generated the assets or debts).