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 ?
Despite these customer grievances, well-run click and collect services do benefit the high street, with 89 per cent of retailers surveyed saying that offering the service had led to increased footfall over the past two years.
She continued that the department would collect Rs15 billion on property tax this year as according to the available data of the first six months, the collection was recorded at Rs12 billion.
Ouko noted that the the then governor Evans Kidero administration did not have access to trust account where billions of shillings were collected and therefore relied on a contracted company to know how much they collected.
The Metropolitan Manila Development Authority (MMDA) has collected more than 200 cubic meters of garbage from various cemeteries in Metro Manila.
If your company operates a commercial website that collects, shares and uses personally identifiable information from users, you are required to have a Privacy Policy posted on your website.
The paint mist particle diameter to collect shall be 20 micrometers or more.
You'll need to collect the tokens that we print every day and send them to the group.
From the Transport Department, the government expected to collect Rs 565 million but only Rs 192 million could be collected.
BEIRUT: Maronite Patriarch Nasrallah Butros Sfeir announced Saturday a campaign to collect donations for Haiti.
HOUSEHOLD waste for people living in Arfon, Gwynedd will only be collected once a fortnight from January.
The Collect Call Service has been designed so that customers with low or zero credit can make direct voice contact with Hala or Shahry customers in Qatar.
AT&T customers can now make collect calls to mobile phones through a new service called AT&T Collect to Wireless.