Русско-англо-русский юридический словарь

DEFINITION of 'Accounts Receivable - AR'

Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. Receivables usually come in the form of operating lines of credit and are usually due within a relatively short time period, ranging from a few days to a year. (Investopedia)

Another civil law classification relates to the advantage each party expects to receive from the agreement. A contract, such as a sale of goods, in which both parties expect to receive an advantage in exchange for the service or item they provide, is considered onerous. A contract where one party provides an advantage without receiving anything in return, such as a donation, is a gratuitous contract. (Civil Law Contracts by Christopher Meldrum)

A long-term holder of securities, such as a mutual fund or a pension fund, may wish to enhance the yield provided by such securities by lending in exchange for collateral and a fee. (LegalWeekLaw)

The term “concession agreement” is used in two slightly different ways in the business world. Both refer to a type of negotiated contract which gives a company the right to do business, with some specific requirements. In one sense, it refers to a contract between a foreign company and a government, in which the company signs a concession agreement so that it can do business in that government's country. In a second sense, this type of agreement is one which grants the concessionaire the exclusive right to do business in a particular area or venue in exchange for some carefully negotiated terms. (WiseGEEK)