# Accounts Receivable

**IRI:** https://folio.openlegalstandard.org/RD2IR8MYsUiDp6NhKjTQt36

## Labels

**Preferred Label:** Contractual Obligations

**Alternative Labels:**

- Asset Type
- Right to Receive Payment
- Trade Receivables

**Translations:**

- de-de: Vertragspflichten
- en-gb: Contractual Obligations
- es-es: Obligaciones contractuales
- es-mx: Obligaciones contractuales
- fr-fr: Obligations contractuelles
- he-il: חובות חוזיות
- hi-in: ठेकेदारी अनुबंध
- ja-jp: 契約上の義務
- pt-br: Obrigações contratuais
- zh-cn: 合同义务

## Definition

Bilateral obligations (e.g., financial, equitable) are legally-binding responsibilities that parties agree to perform under the terms of agreements (e.g., lease agreements, commercial agreements) are used by various legal processes (e.g., Bankruptcy). THIS IS A PROPOSAL, SUBJECT TO REVIEW.

## Sub Class Of

- https://folio.openlegalstandard.org/RnfzkAKrjy32YoweXnzDjp
- https://folio.openlegalstandard.org/RxkTKgYqWS0WBHnJgrn27Y

## See Also

- https://folio.openlegalstandard.org/R7LI3BONqNkXbKHKa0t3jyI

**Deprecated:** False