Collections
/kəˈlɛkʃənz/
Definitions
- (n.) The act or process of pursuing payment of debts or claims.
The agency specializes in collections of overdue accounts.
- (n.) Amounts recovered or funds gathered through the process of debt collection.
The collections for last month exceeded expectations.
Forms
- collection (singular)
Related terms
See also
Commentary
In legal contexts, 'collections' primarily refers to the process and results of recovering debts, typically managed by specialized agencies or departments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.