Debt collection definition

Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 750 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 751 facility operator that are materially similar to a third-party debt collector.
Debt collection means an action, conduct or practice in soliciting debts for collection or in the collection or attempted collection of a debt.
Debt collection means any action, conduct or practice of soliciting claims for collection or in the collection of claims owed or due or alleged to be owed or due a merchant by a customer.

Examples of Debt collection in a sentence

  • A high Debtors Turnover Ratio or low Debt collection period is indicative of sound credit management policy[13-15]From the above table, it is observed that the ULTRATECH CEMENT LIMITED debtor’s turnover ratio shows a good sigh.

  • Support civil legal services assistance, which is often underfunded and understaffed, especially because of the surge of foreclosures caused by the credit and housing crisis.✓ Debt collection abuseDebt collectors are openly flouting weak laws designed to protect consumers against abuse.


More Definitions of Debt collection

Debt collection means the collection of unpaid tolls and applicable administrative fees by (i)
Debt collection means an action, conduct, or practice in collecting, or in soliciting for collection, consumer debts that are due or alleged to be due a creditor.
Debt collection means the act of collecting or attempting to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. As used in this chapter, this term also includes solicitation of debts for the purpose of collection and accepting assignment of debts for the purpose of collection.
Debt collection means any action, conduct or practice in
Debt collection means the pursuing of uncollected debts that are past the due date;
Debt collection means the activity to collect monies owed to the municipality
Debt collection means any act or practice in connection with the collection of consumer debt.