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.


Documentary collections

Documentary collections

Trade transactions handled on a draft basis.


Collection float

Collection float

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


Collection policy

Collection policy

Procedures a firm follows in attempting to collect accounts receivables.


Average collection period, or days receivables

Average collection period, or days receivables

The ratio of accounts receivables to sales, or the total amount of credit extended per dollar of daily sales (average AR/sales 365).


Further Suggestions

Uniform Rules for Collections
Collection period


 
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