|
|
Collection |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
CollectionThe presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash.CollectionThe series of steps a lender takes to bring a delinquent mortgage up to date.Collection Similar MatchesCollection floatCollection floatThe period between the time is deposited a check in an account and the time funds are made available. Documentary collectionsDocumentary collectionsTrade transactions handled on a draft basis. Average collection period, or days receivablesAverage collection period, or days receivablesThe ratio of accounts receivables to sales, or the total amount of credit extended per dollar of daily sales (average AR/sales 365). Collection periodCollection periodSee: Collection ratio Collection policyCollection policyProcedures a firm follows in attempting to collect accounts receivables. Further SuggestionsUniform Rules for CollectionsData Collection |
|
|
|