collection of debts
1Collection 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… …
2collection — col|lec|tion W1S2 [kəˈlekʃən] n ▬▬▬▬▬▬▬ 1¦(set/group)¦ 2¦(money)¦ 3¦(rent/debts/taxes)¦ 4¦(bringing together)¦ 5¦(taking something away)¦ 6¦(fashion)¦ 7¦(books/music)¦ 8¦(people)¦ ▬▬▬▬▬▬▬ 1.) …
3Collection — For works entitled The Collection, see The Collection (disambiguation). Collection or Collections may refer to: Collection (computing), the abstract concept of collections in computer science Collection (payment), the actions of a creditor… …
4collection — Obtaining payment. American Banker Glossary The presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash. Bloomberg Financial Dictionary * * * collection col‧lec‧tion [kəˈlekʆn] noun 1.… …
5Collection of judgments in Virginia — The collection of judgments in Virginia may be accomplished under a number of routes provided under Virginia law, depending on the amount of the judgment and the particular assets that the judgment creditor wishes to pursue. Contents 1… …
6Collection Agency — A company hired by lenders to recover funds that are past due or accounts that are in default. The lending company itself may also have a division or subsidiary that acts as its collection agency. A collection agency is often hired after a… …
7collection percentage — relation between debts which have been paid during a specific period to the sum of the debts owed at the beginning of that period …
8writing off debts — voiding of outstanding balances, waiving off of a collection of debts …
9Fair 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… …
10Privatized tax collection — occurs wherever the state passes on its obligation to collect taxes to private companies or firms in return for a fixed or ad valorem fee. This contrasts with tax farming where a private individual or organization pays off a pre determined tax… …