Collection, also called recovery and exaction (collection, encashment)

The collection of outstanding debts from debtors, also called debt collection. – In older financial terminology, debt collectors were also called exactors, exequents and collectors, and the collectability of a debt – i.e. its freedom from objection and maturity – was referred to as exibitility. – Foreclosed collection of money by public authorities, primarily the tax authority and the customs authority. – See collection, collection period, money collection, collection business, collection strategy, cashing, prepayment, presentation, payment.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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