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 ?
However, if the state does not have a sufficient nexus with the dealer, it may collect a use tax from the consumer.
Where they would normally collect 500 samples in a year, they could collect 5,000," says Dagenais.
companies) to collect and remit VAT on digital goods and services supplied to EU consumers.
In fact, the effort to collect statistics may further erode the public's trust in law enforcement and the morale among its members, as well as spend government dollars that could be better used on law enforcement training and education, community crime prevention, and drug treatment.
To ensure that policies are followed, a company must successfully communicate its policies to employees, as well as train its staff regarding privacy policies and practices--particularly employees who collect and have access to personal information.
80,020 + $24,006 = $104,026 annual salary and benefits cost to collect reimbursement
Some vendors claim it's unfair for local businesses to have to compete with Internet businesses that don't collect sales tax, but others say that shipping charges for online purchases level the field.
92% of "Web sites collect personal information from online consumers, and most collect several types of information, such as name, address, Social Security number and birth date" (956).
Judging by Katie Arsberry's phone bill, you'd think she was getting collect calls from Australia.
Nostalgia for these images will drive boomers to collect images from the past.