collection letters

English - English

Definition of collection letters in English English dictionary
collection letter: A collection is the procedure whereby the exporter entrusts the movement of his commercial documents to a remitting bank for further processing through a collection bank for settlement from the buyer A Collection Letter is the document used by the remitting bank to relay complete and precise instructions to the collecting bank
collection letter: A letter sent to a debtor requesting payment of an amount that was previously billed and is now past due
collection letter: Letter which accompanies a draft and/or documents giving instructions for presentation, payment, collection of charges, interest, and contingency plans

collection letters

Hyphenation

col·lec·tion let·ters

kılekşın letırz

/kəˈleksʜən ˈletərz/ /kəˈlɛkʃən ˈlɛtɜrz/

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