Commerce Glossary

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What is Accounts Receivable (AR)?

ac - count re·ceiv·a·ble
Represents the payment (money balance) that the merchant is due to receive from its customers who have made a purchase of online goods or services on credit. Credit terms are mostly short-term, but they may vary from one day to one week, month, or even a year, depending on the agreement between the merchant and its customers or reseller partners.

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