different between receivable vs receivability

English

receive +? -able

receivable (comparative more receivable, superlative most receivable)

capable of being received, especially of a debt, from the perspective of the creditor.

receivable (plural receivables)

A debt owed, usually to a business, from the perspective of that business
One man's receivable is another man's payable.
Especially, a debt arising from a sale on account or on credit.

receive +? -ability

receivability (uncountable)

receivability in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.

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