collection


collection
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

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collection col‧lec‧tion [kəˈlekʆn] noun
1. [countable, uncountable] the activity of collecting payments from customers, and the payments themselves:

• GE Capital will handle the collections for the new credit card.

• Italy has made good progress in cleaning up public finances and improving tax collection.

ˈdebt colˌlection [uncountable]
the activity of making individuals and businesses pay debts, usually ones that they have not paid on time or that they are refusing to pay:

• Like hundreds of small-business people with debt collection problems, Mr Buschman has retained a lawyer to help him collect on an overdue bill.

2. [countable, uncountable] BANKING the activity of organizing the payment of cheques, Securities etc:

• Security Pacific is the system's clearing bank, or channel for collection and disbursement of all funds and securities moving into and out of Delta.

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collection UK US /kəˈlekʃən/ noun
[C or U] the act or job of taking something away from a place: »

We will inform you when your goods are ready for collection.

refuse/waste collection »

Which public authority is responsible for waste collection?

[C or U] FINANCE the activity of collecting money that is owed, or the money collected: debt/rent/tax collection »

Last week, the state reported that tax collections are up 11.5% for this fiscal year.

»

I get involved with finance and rent collection.

[C or U] BANKING the act of arranging for the amount written on a cheque to be paid out of a bank account: »

The Federal Reserve Banks provide check collection services to depository institutions.

[U] the process of bringing information together from different places: »

We make software and bar-code products for data collection.

[C] a group of objects that someone has collected as a hobby or investment: »

an antiques/book/coin, etc. collection

See also DOCUMENTARY COLLECTION(Cf. ↑documentary collection)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • collection — [ kɔlɛksjɔ̃ ] n. f. • 1371 méd.; lat. collectio « action de réunir », de colligere → collecte I ♦ 1 ♦ (Sens génér.) Réunion d objets. ⇒ accumulation, amas, 2. ensemble, groupe, réunion. « les peuples, en tant qu ils ne sont que des collections d… …   Encyclopédie Universelle

  • Collection II — Compilation album by Misfits Released November 14 1995 …   Wikipedia

  • collection — I (accumulation) noun accession, accretion, acervation, acervus, acquisition, addition, agglomeration, aggregate, aggregation, amassment, amount accrued, compilation, concentration, congestus, conglomerate, conglomeration, convergence, cumulation …   Law dictionary

  • Collection 4 — Collection 004 Studio album by Merzbow Released 1981 Recorded June 16, 1981 at Gap Works, Tokyo Genre Noise …   Wikipedia

  • Collection 5 — Collection 005 Studio album by Merzbow Released 1981 Recorded June 16, 1981 at Gap Works, Tokyo Genre Noise …   Wikipedia

  • Collection — puede referirse a: Collection (álbum de Jason Becker) Collection (álbum de Tracy Chapman) Véase también The Collection The Hits Collection The Album Collection The Remix Collection Colección (desambiguación) …   Wikipedia Español

  • Collection — Col*lec tion, n. [L. collectio: cf. F. collection.] 1. The act or process of collecting or of gathering; as, the collection of specimens. [1913 Webster] 2. That which is collected; as: (a) A gathering or assemblage of objects or of persons. A… …   The Collaborative International Dictionary of English

  • Collection or — est un album compilation de Julie Pietri, sorti en 1992 chez Sony Music Entertainment. Il a été réédité en 1995 sous le nom Collection gold puis en 2001 sous le titre Les indispensables de Julie Pietri. Cette compilation comprend un titre… …   Wikipédia en Français

  • collection — COLLECTION. s. fém. Recueil de plusieurs passages sur une ou plusieurs matières, tirés d un ou de plusieurs Auteurs. En ce sens, il se met plus ordinairement au pluriel. Faire des collections. Il a fait une bonne collection de tout ce qu il y a… …   Dictionnaire de l'Académie Française 1798

  • Collection- — (album d Yngwie Malmsteen) Collection est le premier best of du guitariste Yngwie Malmsteen. Il couvre la période 1984 1990, soit cinq albums studio et un live. Black Star Far Beyond The Sun I ll See The Light,Tonight You Don t Remember,I ll… …   Wikipédia en Français

  • collection — late 14c., action of collecting, from O.Fr. collection (14c.), from L. collectionem (nom. collectio) a gathering together, noun of action from colligere (see COLLECT (Cf. collect)). Especially of money gathered for religious or charitable… …   Etymology dictionary