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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
Firm
Receivables
 
 Related Terms
 

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The most important thing about a man is what he believes in the depth of his being. This is the thing that makes him what he is, The thing that organizes him and feeds him; the thing that keeps him going in the face of untoward circumstances; the thing that gives him resistance. Hugh Stevenson Tigner

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