debt collection

/'det kəˌlekʃən/ noun
the act of collecting money which is owed

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • debt collection — ➔ collection * * * debt collection UK US noun [U] ► COMMERCE the job of collecting payments from people who have failed to pay the money they owe for goods, services, etc. that they have already received: »We specialize in debt collection and… …   Financial and business terms

  • debt collection — collecting of a debt, collecting of money owed …   English contemporary dictionary

  • debt collection — / det kəˌlekʃ(ə)n/ noun collecting money which is owed …   Marketing dictionary in english

  • debt collection agency — An organization that specializes in collecting the outstanding debts of its clients, charging a commission for doing so. Because of the historical stigma attached to the phrase debt collection , these agencies prefer to be called commercial… …   Big dictionary of business and management

  • debt collection agency — An organization that specializes in collecting the outstanding debts of its clients, charging a commission for doing so …   Accounting dictionary

  • debt collection agency — / det kəˌlekʃən ˌeɪdʒənsi/ noun a company which collects debts for other companies for a commission …   Dictionary of banking and finance

  • debt collection agency — Fin a business that secures the repayment of debts for third parties on a commission or fee basis …   The ultimate business dictionary

  • Fair 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… …   Wikipedia

  • Fair debt collection — broadly refers to regulation of the debt collection industry at both the U.S. Federal and state levels of government. At the Federal level, it is primarily governed by the Fair Debt Collection Practices Act ( FDCPA ). In addition, many U.S.… …   Wikipedia

  • Fair Debt Collection Practices Act — Federal act, the purpose of which is to eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to… …   Black's law dictionary

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