Topic Areas

Subject to collection

Definition:

Dependent upon the ability to collect the amount owed.

Example Sentences

The balance of the account will be subject to collection within 15 days if payment is not received.

The raffle will be subject to collection.

Key Phrases
Base rate
Added value
Accrued revenue
Safety deposit box
Voting share
Account activity
Amortization
Official discount rate
Merchant bank
Adjustable rate preferred stock
Interest rate
Owner’s equity
Withholding tax
Additional collateral
Deferred payments
Affiliated company
Protest a bill
Value at market price
Majority interest
Accrued liability

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