In credit insurance, a receivable is understood as a claim arising from the delivery of goods or services. In other words, if the policy holder has already delivered and invoiced the goods to its customer, but the customer has not yet paid the invoice, the policy holder has a receivable from its customer.

Loss of receivables
A loss of receivables occurs if the buyer fails to pay for the goods supplied by the policy holder e.g. because the customer is incapable of paying.

Overdue receivable
Overdue receivables are receivables that have not been paid within the agreed payment term. See also maximum extension period exceeded.