Net Realizable Value of Receivables (NRV) is a financial concept used to assess a company’s ability to collect payments from its customers. It represents the amount of money that is expected to be received after deducting all costs and expenses associated with collection. NRV is often used when assessing business plans or evaluating loan applications and helps businesses understand their accounts receivable balances in a realistic, meaningful way. In short, it’s a measure of how much money companies can actually expect to make off their outstanding customer invoices.