Right

Definition

Right in Accounting context is a Claim on some physical object or another party that has the potential to produce economic benefits

Examples

• Right to receive cash (e.g., from financial contacts or sales contracts)
• Right to receive goods or services (from purchase contracts)
• Right to exchange resources (derivatives contracts)
• Contigent "Rights" from options contracts
• Right to use intellectual property
• Right to use property, plant and equipment

See Also

• Legal Right