Meaning of the word: Collection
The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the lender deducts from the debtor's account the amount owing. The collection is used, for example, to cover an habitual payments for electricity, gas, water and the like.back to dictionary >
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A promissory note is a financial instrument, in which one party, represented for example by the producer promises in writing to pay a determinate sum…go to the dictionary >
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