Recall, Receipt, Receivables, Receiver




Recall, Receipt, Receivables, Receiver :




Recall : the act of calling back or recovering a defective item by giving refund, replacing the item or repairing by a producer, occasionally due to an order by a government agency when the safety of the public is a consideration



Receipt : a document or deed that a seller or shipper draws giving the copies of the same to the buyer or receiver that acts as a confirmation of payment, delivery or both



Receivables : the collection of all the claims of the company that are due and need to be recovered or will be paid at the stipulated time



Receiver : a person whom a court appoints for supervising and safeguarding such property that forms a part of a litigation or court case, often insolvency. In such cases, the possession is taken by the receiver, but he or she is not liable to take the entity’s title and thus continue to manage his or her own affairs as a going concern with a pending final disposition




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