Collection

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Collection

The presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash.

Collection

The act of receiving payment for goods or services. Collection occurs on the spot in a cash sale, while it may occur some weeks or even months later in a credit sale. See also: Accounts receivable, Collection policy.
References in periodicals archive ?
It is also excellent for fixed outdoor settings requiring small size and in an environment that is not friendly to regular computers such as security monitoring, RFID control, green energy data acquisition, outdoor Kiosk, and harsh external research data collection.
The leader in online panel quality, Opinionology is one of the largest and most respected survey research data collection companies in the world.
The pharma industry continues to make a great deal of progress in the move toward paperless research data collection through the use of products such as Nextrials' Prism," Rogers noted.
supports the creation of a website dedicated to managing the International Survey on Entrepreneurship Education Outcomes (ISEEO) research data collection.
EMS, after using a variety of individual and group opinion research data collection techniques, transforms the data into information that utility companies and service providers can use to develop customer focused, value-based marketing and product strategies.

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