collect debts
1collect — ▪ I. collect col‧lect 1 [kəˈlekt] verb [transitive] 1. BANKING collect cheques to arrange for cheques to be paid: • The district banks provide a variety of services for commercial banks, including collecting and clearing cheques. 2 …
2collect — col|lect1 W2S1 [kəˈlekt] v ▬▬▬▬▬▬▬ 1¦(bring together)¦ 2¦(keep objects)¦ 3¦(rent/debts/taxes)¦ 4¦(money to help people)¦ 5¦(increase in amount)¦ 6¦(win something)¦ 7 collect yourself/collect your thoughts 8¦(take somebody/something from a place)¦ …
3collect — I. /kəˈlɛkt / (say kuh lekt) verb (t) 1. to gather together; assemble. 2. to accumulate; make a collection of. 3. to gather (money) for contributions or debts, for charity, etc. 4. to regain control of (one s thoughts, faculties, etc., or… …
4discharge of debts — In bankruptcy, the bankruptcy court s action, at the end of the case, to wipe out the debts of the person or business that filed for bankruptcy. Once a debt is discharged, the debtor no longer owes it, and the creditor may no longer take action… …
5bad debts — money owed to you that you can t collect …
6Collection agency — A collection agency is a business that pursues payments of debts owed by individuals or businesses.[1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.[2] There are many… …
7Fair Debt Collection Practices Act — The Fair Debt Collection Practices Act (aka FDCPA), usc|15|1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer… …
8Debt validation — This article is about debt validation under the Fair Debt Collection Act. For debt validation under the Fair Credit Billing Act, see Fair Credit Billing Act. Debt Validation, or debt verification , refers to a consumer s right to challenge a debt …
9Factor — A financial institution that buys a firm s accounts receivables and collects the debt. The New York Times Financial Glossary * * * ▪ I. factor fac‧tor 1 [ˈfæktə ǁ ər] noun 1. [countable] one of many things that influence or affect a situation: •… …
10factor — (1) The percent of the original face of an MBS pool that remains outstanding at any given time is called the current factor. Principal payments, made by the borrowers, reduce the original face every month. Thus there is a new current factor each… …
