Future receivable definition

Future receivable means a receivable that arises after the time a transfer agreement is entered into, whether or not the contract giving rise to the receivable has been entered into at that time.

Future receivable means, at any time, any Receivable that satisfies each of the following conditions at such time: (a) the invoice or bill with respect thereto has not yet been sent to the Obligor thereof, (b) such Receivable arose during the Calculation Period most recently ended, (c) such Receivable is scheduled to be invoiced no later than five (5) Business Days following the Cut-Off Date for the Calculation Period in which such Receivable arose and (d) such Receivable is designated in the monthly work papers prepared in support of the Monthly Report in the Originator’s general ledger accounting system; provided, however, that any Receivable that does not become a Billed Receivable within five (5) Business Days following any Cut-Off Date with respect to any Calculation Period shall not be reported as a “Future Receivable” in the Monthly Report delivered with respect to such Calculation Period or any other Monthly Report.

Future receivable means a receivable that arises after the time a transfer agreement is entered into, whether or not the contract giving rise to the receivable is in [existence/effect] at that time.

Examples of Future receivable in a sentence

• Future receivable shall be a receivable not existing at the moment the factoring contract is concluded, but it is determinable at such time and the debtor of such receivable is known.

• Future receivable income of operating lease commitment as of March 31, 2000 and 1999 were as follows:Thousands ofMillions of yen U.S. dollars 20001999 2000Portion due within one year .

• Future receivable under finance leases as of March 31, 2018 and 2017 are as follows: Minimum lease payments receivableMillions of Yen Millions of U.S. Dollars Net investment in the leaseMillions of Yen Millions of U.S. Dollars Contingent rental income recognized in profit for the years ended March 31, 2018 and 2017 are ¥12,186 million ($115 million) and ¥12,400 million, respectively.

More Definitions of Future receivable

Future receivable means a receivable that might arise after the conclusion of the assignment.

Future receivable means a claim existing on the balance sheet date that pertains to liquid or other assets and whose recognition as a balance sheet item is subject to performance of a contract. Future receivables include, in particular, futures transactions, and claims for the future delivery of liquid or other assets arising from the forward part of swaps;

Future receivable means a receivable that arises after the time a transfer agreement is entered into. This includes a receivable that arises under a contract that is not in [existence/effect] at that time.

Future receivable has the meaning given to it in the Sale Notice.

Future receivable has the meaning set forth in Section 1.2(a).