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collection agency
(redirected from Debt collection)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
collection agency
Managed care An enterprise that demands payment for a product sold or a service rendered, after an appropirate period of time has passed and the purchaser has not paid the seller. See Dun.


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The business gives the responsibility of debt collection to an Accounts Receivables person.
DEBT COLLECTION by private 'companies' has become a growth industry.
There is a law called the Fair Debt Collection Practices Act and it protects you from abusive or harassing practices from third party debt collection agencies.
 
 
 
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