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Debt Collection
Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. Historically, debtors could face debt slavery, debtor's prison, or coercive collection methods. In the 21st century in many countries, legislation regulates debt collectors, and limits harassment and practices deemed unfair. Background Invoices are issued with terms of payment. These terms vary widely from 'cash terms', , to many forms of 'credit terms' (for example ''30 days from date of invoice''). Unpaid invoices are considered outstanding, and those which remain unpaid for periods longer than their 'terms' indicate are considered overdue. It is the aim of the cash collection functi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collection Bureau Brick Building, Little Falls, Minnesota (35241011591)
Collection or Collections may refer to: Computing * Collection (abstract data type), the abstract concept of collections in computer science * Collection (linking), the act of linkage editing in computing * Garbage collection (computing), automatic memory management method Mathematics * Set (mathematics) * Class (set theory) * Family of sets * Indexed family * Multiset * Parametric family Albums Collection * ''Collection'' (Soccer Mommy album), 2017 * ''Collection'' (2NE1 album), 2012 * ''Collection'' (Agnes album), 2013 * ''Collection'' (Arvingarna album), 2002 * ''Collection'' (Jason Becker album), 2008 * ''Collection'' (Tracy Chapman album), 2001 * ''Collection'' (The Charlatans album) * ''Collection'' (Dave Grusin album), 1989 * ''Collection'' (The Jam album) * ''Collection'' (Wynonna Judd album) * ''Collection'' (Magnus Uggla album), 1985 * ''Collection'' (Men Without Hats album), 1996 * ''Collection'' (MFÖ album), 2003 * ''Collection'' (Mike Oldfield alb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unsecured Debt
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned to the secured creditors. The unsecured creditors usually realize a smaller proportion of their claims than the secured creditors. In some legal systems, unsecured creditors who are ''also'' indebted to the insolvent debtor are able (and, in some jurisdictions, required) to set off the debts, so actually putting the unsecured creditor with a matured liability to the debtor in a pre-p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Catchpole
Catchpole is a surname and type of tax collector in medieval England. It is a combination of Old English (cace-, catch) and medieval Latin (pullus, a chick) and derives from the idea that people who owed tax were as difficult to catch as farmyard hens.World Wide Words Issue 825: 30 March 2013, 'Catchpole' The Catchpole name is from , southern England. At that time, tax-gathering was contracted out in a system called tax farming. The catchpole paid a lump sum for authority to collect taxes from a given area or population, and was then able to keep whatever he could, using almost any method. Later, his duties were those of a legal official, working for the |
Roman Empire
The Roman Empire ruled the Mediterranean and much of Europe, Western Asia and North Africa. The Roman people, Romans conquered most of this during the Roman Republic, Republic, and it was ruled by emperors following Octavian's assumption of effective sole rule in 27 BC. The Western Roman Empire, western empire collapsed in 476 AD, but the Byzantine Empire, eastern empire lasted until the fall of Constantinople in 1453. By 100 BC, the city of Rome had expanded its rule from the Italian peninsula to most of the Mediterranean Sea, Mediterranean and beyond. However, it was severely destabilised by List of Roman civil wars and revolts, civil wars and political conflicts, which culminated in the Wars of Augustus, victory of Octavian over Mark Antony and Cleopatra at the Battle of Actium in 31 BC, and the subsequent conquest of the Ptolemaic Kingdom in Egypt. In 27 BC, the Roman Senate granted Octavian overarching military power () and the new title of ''Augustus (title), Augustus'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debtor’s Prison
A debtors' prison is a prison for people who are unable to pay debt. Until the mid-19th century, debtors' prisons (usually similar in form to locked workhouses) were a common way to deal with unpaid debt in Western Europe.Cory, Lucinda"A Historical Perspective on Bankruptcy" , ''On the Docket'', Volume 2, Issue 2, U.S. Bankruptcy Court, District of Rhode Island, April/May/June 2000, retrieved December 20, 2007. Destitute people who were unable to pay a court-ordered judgment would be incarcerated in these prisons until they had worked off their debt via labour or secured outside funds to pay the balance. The product of their labour went towards both the costs of their incarceration and their accrued debt. Increasing access and lenience throughout the history of bankruptcy law have made prison terms for unaggravated indigence obsolete over most of the world. Since the late 20th century, the term ''debtors' prison'' has also sometimes been applied by critics to criminal justice s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bailiff
A bailiff is a manager, overseer or custodian – a legal officer to whom some degree of authority or jurisdiction is given. There are different kinds, and their offices and scope of duties vary. Another official sometimes referred to as a ''bailiff'' was the '' Vogt''. In the Holy Roman Empire a similar function was performed by the '' Amtmann''. They are mostly known for being the officer that keeps the order in a court of law and who also administers oaths to people who participate in court proceedings. Britain and Ireland Historic bailiffs ''Bailiff'' was the term used by the Normans for what the Saxons had called a '' reeve'': the officer responsible for executing the decisions of a court. The duty of the bailiff would thus include serving summonses and orders, and executing all warrants issued out of the corresponding court. The district within which the bailiff operated was called his '' bailiwick'', and is even to the present day. Bailiffs were outsiders and free me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle Ages
In the history of Europe, the Middle Ages or medieval period lasted approximately from the 5th to the late 15th centuries, similarly to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralised authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—once part of the Byzantine Empire� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abrahamic Religions
The term Abrahamic religions is used to group together monotheistic religions revering the Biblical figure Abraham, namely Judaism, Christianity, and Islam. The religions share doctrinal, historical, and geographic overlap that contrasts them with Indian religions, Iranian religions, and East Asian religions. The term has been introduced in the 20th century and superseded the term Judeo-Christianity, Judeo-Christian tradition for the inclusion of Islam. However, the categorization has been criticized by some for oversimplification of different cultural and doctrinal nuances. For example, Islam shares cultural and doctrinal exchange from Asian religions, which Abrahamic religions are usually contrasted with. Usage The term ''Abrahamic religions'' (and its variations) is a collective religious descriptor for elements shared by Judaism, Christianity, and Islam. It features prominently in interfaith dialogue and political discourse but also has entered Academic discourse socializati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quran
The Quran, also Romanization, romanized Qur'an or Koran, is the central religious text of Islam, believed by Muslims to be a Waḥy, revelation directly from God in Islam, God (''Allah, Allāh''). It is organized in 114 chapters (, ) which consist of individual verses ('). Besides its religious significance, it is widely regarded as the finest work in Arabic literature, and has significantly influenced the Arabic, Arabic language. It is the object of a modern field of academic research known as Quranic studies. Muslims believe the Quran was orally revealed by God to the final Islamic Prophets and messengers in Islam, prophet Muhammad in Islam, Muhammad through the Angel#Islam, angel Gabriel#Islam, Gabriel incrementally over a period of some 23 years, beginning on the Night of Power, Laylat al-Qadr, when Muhammad was 40, and concluding in 632, the year of his death. Muslims regard the Quran as Muhammad's most important Islamic view of miracles, miracle, a proof of his prophet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
