Non-Current Receivable definition
Non-Current Receivable means, at any time of determination, a Receivable as to which any payment, or part thereof, remains unpaid for 31 or more days from the original due date for such payment with respect to such Receivable.
Examples of Non-Current Receivable in a sentence
If, following the Closing, any amounts are received by the Purchaser from an account debtor in respect of any Non-Current Receivable, the Purchaser shall remit promptly to the Seller all amounts so collected.