Loan Dictionary - C group - Collection, Collection Account, Collection Float, Collection Fractions, Collection Guaranty, Collection Item, Collection Papers, Collection Period, Collection Period (period Average), Collection Period (period End)

Business and Personal Finance Dictionary

COLLECTION - When a borrower falls behind, the lender contacts them in an effort to bring the loan curr...
COLLECTION ACCOUNT - A loan or debt that has been referred by a creditor to an agency whose primary bus...
COLLECTION FLOAT - The total time period between when a check is prepared by the remitter and when the ...
COLLECTION FRACTIONS - The percentage of a given month's sales collected during the month of sale and e...
COLLECTION GUARANTY - A guaranty in which the signer guarantees to pay the bank only if the bank cannot...
COLLECTION ITEM - any item received by a bank that does not give immediate credit to the account
COLLECTION PAPERS - are those documents specified as necessary for payment to be made, such as the comm...
COLLECTION PERIOD - See: Collection ratio
COLLECTION PERIOD (PERIOD AVERAGE) - is used to appraise accounts receivable (AR). This ratio measures ...
COLLECTION PERIOD (PERIOD END) - is used to appraise accounts receivable (AR). This ratio measures the ...