Ifrs 13 example

Consider two entities, A and B, who each have a legal obligation to pay $1,000 cash to another entity, C, in ten years. • Entity A has an excellent credit rating and can borrow at 5%, whereas Entity B has a lower credit rating and is able to borrow at 8%. • Entity A will receive approximately $614 in exchange for its promise (the present value of $1,000 in ten years using a discount factor of 5%). • Entity B will receive approximately $463 in exchange for its promise (the present value of $1,000 in ten years using a discount factor of 8%). Hello sir, could you please explan to me what ‘receive’ means in this situation? Thenk you