Collection

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Collection

The presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The first results of of the research data collection will be made public in November, according to the report.
Kinesis and Federated Sample initiated a strategic partnership last year with the primary goals of increasing automation in all aspects of online research data collection, as well as providing additional panel monetization options for the market research industry.
Integrating clicker technology at nursing conferences: an innovative approach to research data collection. International Journal Of Nursing Practice, 16(3), 268-273.

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