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

- Canonical URL: https://www.gerhardmerk.de/collection-also-called-recovery-and-exaction-collection-encashment
- Post ID: 593291
- Modified: 2023-07-25T21:00:18+00:00
- Language: en

## Definition

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. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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