What's the difference between
and
Enter two words to compare and contrast their definitions, origins, and synonyms to better understand how those words are related.

Receivable vs Servicer - What's the difference?

receivable | servicer |

As nouns the difference between receivable and servicer

is that receivable is a debt owed, usually to a business, from the perspective of that business while servicer is (legal|finance) one who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.

As an adjective receivable

is capable of being received, especially of a debt, from the perspective of the creditor.

receivable

English

Alternative forms

* (l)

Adjective

(en adjective)
  • capable of being received, especially of a debt, from the perspective of the creditor.

    • Noun

    (en noun)
  • A debt owed, usually to a business, from the perspective of that business
    • One man's receivable is another man's payable.
  • Especially, a debt arising from a sale on account or on credit.

    • Derived terms

    * accounts receivable

    servicer

    English

    Noun

    (en noun)
  • (legal, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement
  • *{{quote-book, 2002, Frank J. Fabozzi, The Handbook of Financial Instruments citation
    • , passage=The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.}}