As early as the time of Gratian, infamous and heretical witnesses were receivable against heretics.
Although the evidence of a heretic was not receivable in court, yet an exception was made in favor of the faith, and it was to be held good against another heretic.
Their wages and expenses were to be defrayed by the State, their evidence was receivable without oaths, and no testimony was good against the concurrent statement of any three of them.
Why, sir, it is said that the law, by creating bank paper and making that paper receivable in payment for taxes, increases the circulating medium in which taxes are paid, and of course must facilitate the payment of them.
The currency of this bank paper of the United States, although made by law receivable in payment of revenue, rests upon a much better foundation than an act of Congress.
Specifically: Not passing in common payment; not receivable at par or full value; as, uncurrent notes.
Finance), a circulating note or bill issued by government authority from the Treasury Department, and receivable in payment of dues to the government.
In the United States and its possessions, it is issued against the deposit of silver coin, and is not legal tender, but is receivable for customs, taxes, and all public dues.
The bill book is quite essential in a single entry set for the reason that no Bills Receivable and Bills Payable accounts are kept in the ledger.
This account is variously styled Sales Ledger Account, Accounts Receivable Account, or Sales Controlling Account.
If a note to cover net proceeds is received, the entry is the same except that Bills Receivable is debited instead of Richard Roe, Agt.
A reserve of 3% on accounts receivable is to be created to provide for uncollectible accounts.
These controlling accounts are kept in the general ledger and show at all times the totals of accounts receivable and accounts payable, without the necessity of listing the individual balances.
A general ledger should be kept for the personal accounts of members of the firm, controlling accounts of subsidiary ledgers, controlling account of bills receivable and bills payable, and all impersonal accounts.
On the other hand, all the taxes and revenues of the government were to be receivable in the paper of the bank, however much it might fall in value.
When the state banks had suspended specie payments, he recommended the issue of United States notes receivable for all loans to the United States and all government dues except duties on imports.
But the circulation of the notes was amply provided for by making themreceivable for all national taxes, all dues to the government, and all loans.
Nor can there be any objection to their being made receivablefor dues to the United States.
No rights of third parties are in any respect affected by the application of the rule here, and the purchasing and borrowing power of the notes are greatly increased by making them thus receivable for the public dues.
Therefore I pray the speedy attention of your Legislature to that resolution, by which the notes are to be receivable in payment of all taxes, duties, or debts due, or that may become due or payable to the United States.
I hope, however, that your Legislature will not only pass the proper laws to make bank notes receivable in the manner mentioned in the resolution, but that it will be done soon.
The Assembly, at their late meeting, took measures for the collection of a very considerable tax, sufficient to absorb all the paper then in circulation, and which was receivable in taxes, as also a considerable balance in specie.
That at present those certificates should neither bereceivable in taxes nor transferable.
About one-half of the loan was taken, and the parties obtained orders on the several maritime custom houses, receivable in payment of duties.
Another disability which contributes to the homing power of a bank note, and which is actually used in the case of our old note, is not used with this new note--I mean, the fact that they are not receivable for customs dues.
The banks came to an agreement that the new notes were to be treated as "current funds," receivable in all payments, clearing-house settlements included.
It was proposed to make them receivable everywhere and to establish at various points depositories of gold and silver to be held in trust for the redemption of such notes, so as to insure their convertibility into specie.
They are receivable everywhere in payment of Government dues.
These certificates werereceivable for taxes and other public debts and for salt from the State salt mines.
The Kentucky Bank, owned by the State, was authorized to issue, and did issue, bills which were made receivable for taxes and other public dues.
To state that the amount of bills receivable is so much is one thing, to state the amount not due, is quite another.
What is the name of the book in which a record of bills receivable and bills payable is kept?
Our bills receivable and bills discounted accounts show the item as $2,000.
When we receive a note, we debit bills receivable and credit the maker--that is, the person who gives us the note.
For the purpose of keeping a record of bills receivable and bills payable, a book known as a bill book is used.
When a draft has been accepted, it should be treated the same as any other form of bill receivable or bill payable.
The accounts in the ledger which represent notes receivable and notes payable are called Bills Receivable Account and Bills Payable Account.
In liquidating the business of the firm, Benton agrees to accept the accounts receivable in part payment of his share, on condition that 10% be first charged off to cover uncollectable accounts.
The above entries leave this unpaid item in the bills receivable account.
If the business is one in which a large number of bills are discounted, it will be advantageous to show past due bills receivable by themselves, leaving bills receivable account to represent only paper not due.
The balance of bills receivable account shows the amount of unpaid notes payable to us.
At the same time a new issue of Treasury notes was authorized, and made receivable for all public dues, except customs duties, at the rate of two dollars for three of the old.
On April 17th five millions of Treasury notes were authorized to be issued in denominations of one and two dollars, which were receivable for all public dues except the cotton duty.
These notes were payable in two years in specie, and were receivable for all debts or taxes except the export duty on cotton.
They werereceivable for the war-tax and all other public dues except the export duty on cotton.
The notes issued by the bank were madereceivable for all payments to the United States.
Its notes were to be payable on demand in specie and to be receivable in all payments to the Government.
It was proposed to make them receivable every where, and to establish at various points depositories of gold and silver, to be held in trust for the redemption of such notes, so as to insure their convertibility into specie.
Proposed to make the notes of resuming banks receivable in payment of all dues to the Federal government, 91; render assistance to the banks, 92.
The English bills are to be receivable in all payments to the public; our treasury notes are to be received in like manner in all federal payments.
Of the act which rescinded the specie order, and made the notes of the local banks receivable in payment of all federal dues, I said: "This bill is to be an era in our legislation and in our political history.
For the payment of the forced requisitions to which they had been obliged to have recourse, there had been issued bills receivablein payment of the revenues.
It is good gold, yellow gold, coin of the realm, receivable for all debts, bankable anywhere in the world, of unquestioned value.
It is all good money of the mints of France and England, good yellow gold, receivable anywhere in the world.
A prosperous foreign trade carried on by any country implies a continuous investment by that country either abroad or at home, and there may or may not be a balance receivablein actual gold and silver.
Another proposition, pressed very earnestly, was to strike out the legal-tender clause, and make the notes receivable for all taxes and public dues, but not to make any provision for redeeming them in coin on demand.
The fact that the bills of State banks were not receivable for taxes tended constantly to bring them into disrepute.
The national banks would be depositories of public moneys and their notes would be receivable for taxes.
The minimum of the denominations of Treasury notes was reduced to five dollars, and all the demand notes of less denomination then fifty dollars were receivable for payment of public dues.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "receivable" in a variety of sentences. We hope that you will now be able to make sentences using this word.
