§ 481.030.Account Receivable

Accounts receivable are one of the more common targets of a prejudgment attachment against a business defendant. Section 481.030 defines the term by pointing to the Commercial Code’s own definition of "account," which generally covers a right to payment arising from selling or leasing goods or from rendering services, whether or not that right has yet been earned by performance.

Because the definition tracks the Commercial Code, an account receivable in this title means the same thing it means in ordinary secured-lending practice — money owed to the defendant’s business by its customers. Section 488.470, later in this title, sets out how a levying officer attaches an account receivable once a writ issues.