In collection definition

In collection means, for purposes of TIV aid, a debt that has been placed with a collection agency by a creditor or that is subject to more intensive efforts by a creditor to recover amounts owed from a borrower who has not respond- ed satisfactorily to the routine demands of the creditor’s billing procedures.
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Examples of In collection in a sentence

  • In collection of the Receivables, the Collection Agent shall exercise the same care that it has exercised in handling similar matters for its own account, and shall create and administer policies and practices consistent with the policies and practices applied in handling similar matters for its own account and as if it had not sold the Receivables to the Company.

  • In collection of any indebtedness owed University, University shall be entitled to all additional costs referenced in [relevant state code], as from time to time amended or re-codified.

  • In collection of any indebtedness owed University, University shall be entitled to all additional costs referenced in [relevant state code], as from time to time amended or re- codified.

  • In collection amounts due for services provided by the Client, BellSouth, or its contractors or agents, will use its internal Treatment and Collection processes as well as third party collection management efforts in collecting amounts due for Client service charges and Adjustments billed in the BellSouth End-User B▇▇▇.

  • In collection with making determinations under this Section 5, the Accounting Firm shall take into account the value of any reasonable compensation for services to be rendered by Executive before or after the Change of Control, including any restrictive covenants that may apply to Executive and the Company shall cooperate in the valuation of any such services, including any restrictive covenants, including, without limitation, the restrictive covenants set forth in Section 11.

  • In collection of any indebtedness owed Purdue, Purdue shall be entitled to all additional costs referenced in Indiana Code § 21-14-2-11, as from time to time amended or re-codified.

Related to In collection

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 652 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 653 facility operator that are materially similar to a third-party debt collector.

  • Late Collections With respect to any Mortgage Loan and any Due Period, all amounts received subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.

  • SUBI Collections has the meaning set forth in the Indenture.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Principal Collections means Collections of Principal Receivables.