Collection policy

• Procedures followed by a firm in attempting to collect accounts receivables.

• The procedures for collecting a firm's accounts receivable when they are due.

 Embedded terms in definition
 Accounts receivable
 Related Terms

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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Forgiveness does not change the past, but it does enlarge the future. - Paul Boese


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