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 classic literature ?
He said that, all things considered, I ought to put the coin back in the Collection; but that he himself would keep it `for the present'.
Arthur had gone off suddenly to London, as he so often did, for bargains; and returned, late but radiant, having nearly secured a treasure that was an added splendour even to the family Collection. He was so resplendent that I was almost emboldened to confess the abstraction of the lesser gem--, but he bore down all other topics with his over-powering projects.
"This," he said, "was all that was left of the Carstairs Collection."
He not only sold the Collection bit by bit, but sank bit by bit to the basest ways of making money-- even to blackmailing his own family in a disguise.
According to the view that I am suggesting, a physical object or piece of matter is the collection of all those correlated particulars which would be regarded by common sense as its effects or appearances in different places.
Dobson's own original work are a sufficient guarantee of the taste and discrimination we may look for in a collection like this, in which the random lightnings of the first of the essayists are grouped under certain heads--"Character Sketches," "Tales and Incidents," "Manners and Fashions," and the like--so as to diminish, for the general reader, the scattered effect of short essays on a hundred various subjects, and give a connected, book-like character to the specimens.
Similarly, the FED collections clocked in at Rs17bn as against the target of Rs19bn, showing a decline of Rs2bn or 10.5pc short of target.
The query, which has trended on social media since early Sunday morning and titled 'Re-Budgeted FIRS Collection and Actual Collections, Abba Kyari 'observed significant variances between the budgeted collections and actual collections for the period 2015 to 2018.
Collections fit right in the Lightroom workflow metaphor of the Catalog.
New Delhi [India], Dec 10 ( ANI ): The provisional figures of Direct Tax collections up to November, 2018 show that gross collections are at Rs.
September General Revenue Fund collections of $452.9 million were nearly $54.1 million above estimate and 16.4% above prior year receipts.

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