- Collection of a debt
- تحصيل دين، استيفاء دين
English-Arabic economic glossary.
Collection of a debt
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Collection agency — A collection agency is a business that pursues payments of debts owed by individuals or businesses.[1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.[2] There are many… … Wikipedia
Debt validation — This article is about debt validation under the Fair Debt Collection Act. For debt validation under the Fair Credit Billing Act, see Fair Credit Billing Act. Debt Validation, or debt verification , refers to a consumer s right to challenge a debt … Wikipedia
Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… … Wikipedia
Debt evasion — is the intentional act of trying to avoid attempts by creditors to collect or pursue one s debt. At an elementary level, this includes the refusal to answer one s phone by screening one s calls or by ignoring mailed notices informing the debtor… … Wikipedia
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 relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… … Wikipedia
Debt restructuring — is a process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it… … Wikipedia
debt collector — Debt Collectors take steps to collect payments or otherwise perform similar activities connected with a debt. A licence is required under the Consumer Credit Act 1974 when dealing with non companies in respect or credit or hire agreements not… … Law dictionary
collection agency — A company hired by a creditor to collect a debt. Creditors typically hire a collection agency only after having tried and failed to collect the debt on their own. Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies Nolo’s Plain… … Law dictionary
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
debt collector — UK US noun [C] ► COMMERCE a person or company that collects payments from people who have failed to pay the money they owe: »After she became overdrawn, the bank closed her account and threatened her with debt collectors, credit reference… … Financial and business terms
