Collection


 

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Collection

The presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash.

Collection

The series of steps a lender takes to bring a delinquent mortgage up to date.



Collection

Similar Matches

Data Collection

Data Collection

Gathering facts on how a process works and/or how a process is working from the customer's point of view. All data collection is driven by knowledge of the process and guided by statistical principles.


Collection float

Collection float

The period between the time is deposited a check in an account and the time funds are made available.


Uniform Rules for Collections

Uniform Rules for Collections

International Chamber of Commerce rules on the handling of documentary and clean collections.


Collection period

Collection period

See: Collection ratio


Documentary collections

Documentary collections

Trade transactions handled on a draft basis.


Further Suggestions

Average collection period, or days receivables
Collection policy


 
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