Abstract
Abstract The concept of receivables under Brazilian law could be interpreted as the right that an ordinary trading company or financial institution has to, upon due performance of its activities (ie either through the rendering of services, delivery of certain goods, or lending activities) under certain contracts entered into with third parties, receive an amount in cash in consideration for its due performance under those contracts. Therefore, receivables are credit rights, of a commercial or financial nature, that arise out of arrangements entered into by a party with certain counterparties in the ordinary course of its business. As a consequence, a receivable is characterized as an expectation by a company or financial institution (a creditor) to receive, at a future date, an amount in cash as payment for the performance of a commercial or lending activity.
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