HomeDefinitionsCompareDebt Collection policyThe financial definition for Collection policy:Procedures a firm follows in attempting to collect accounts receivables. Similar MatchesAverage collection period, or days receivablesAverage collection period, or days receivablesThe ratio of accounts receivables to sales, or the total amount of credit extended per dollar of daily sales (average AR/sales 365). CollectionCollectionThe presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash. Collection floatCollection floatThe period between the time is deposited a check in an account and the time funds are made available. Further SuggestionsCollection periodDocumentary collections Uniform Rules for Collections Click to compare definitions of Collection policy Click to view definitions beginning co |