Difference between revisions of "Collections"
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== Definition == | == Definition == | ||
Collections refers to the general (cash) collection function of a business operating to collect funds for all outstanding invoices before they become overdue, by means of electronic payments, cheques, cash, documentary credits and collections and other means of payment | Collections refers to the general (cash) collection function of a business operating to collect funds for all outstanding invoices before they become overdue, by means of electronic payments, cheques, cash, documentary credits and collections and other means of payment | ||
| + | |||
| + | == Service Domain == | ||
| + | Handles the liquidation of assets to offset the losses for problem accounts. | ||
== Details == | == Details == | ||
| Line 21: | Line 24: | ||
[[Category:Supply Chain Finance]] | [[Category:Supply Chain Finance]] | ||
[[Category:NPL]] | [[Category:NPL]] | ||
| + | [[Category:BIAN Service Domain]] | ||
{{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | {{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Latest revision as of 15:51, 11 June 2021
Contents
Definition
Collections refers to the general (cash) collection function of a business operating to collect funds for all outstanding invoices before they become overdue, by means of electronic payments, cheques, cash, documentary credits and collections and other means of payment
Service Domain
Handles the liquidation of assets to offset the losses for problem accounts.
Details
None
Variations
None
Issues and Challenges
None
See Also
None
Disclaimer
- This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
- Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced
