Collection
A past-due account that is transferred to an inside or third-party collector in an attempt to recover the balance due.
Only third-party collectors as opposed to collectors who are employees of the company you owe the debt to are governed by the Fair Debt Collections Practices Act.
Financial terms alphabetically:
| #
| A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
|