FEES RECEIVABLE definition
FEES RECEIVABLE the present value of Fees expected to be collected by the Borrowers, determined in accordance with GAAP.
FEES RECEIVABLE. (less allowance for doubtful accounts), "Note Receivable -- Bile▇ ▇.▇.," "Accounts Payable," "Commissions Payable," "Note Payable -- S. B▇▇▇▇," "Royalty/Commissions Payable." For purposes of computing Closing Net Working Capital as defined below, For the 8/20/97 Balance Sheet, this amount shall be referred to hereinafter as the "8/20/97 Net Working Capital Deficit," and at August 20, 1997 was equal to $734,000. For the Adjusted Closing Balance Sheet this amount, less $25,000 shall be referred to hereinafter as "Closing Net Working Capital Deficit."