A check drawn on bank other than own that is deposited and given immediate credit to customer. Customer must be in good standings and/or have sufficient funds to cover the amount deposited. If check bounces customer will be responsible for covering deposited amount.
Related information about subject to collection:
- Subject to Collection - Financial Dictionary - The Free Dictionary
A deposit of a check into a bank account to which the depositor has immediate access. That is, the deposit is treated as if it has already cleared even though it ...
- Subject to Collection: Definition from Answers.com
Subject to Collection Check drawn on an out-of-town bank and deposited, with Immediate Credit of funds, to a customer in good standing, or one who has.
- What is subject to collection? definition and meaning
Definition of subject to collection: A check drawn on bank other than own that is deposited and given immediate credit to customer. Customer must be in good ...
- subject to collection Definition | Business Dictionaries from ...
check drawn on an out-of-town bank and deposited, with immediate credit of funds, to a customer in good standing, or one who has sufficient balances to cover ...
- Property Subject to Collection | Nolo.com
If a creditor wants to seize your property in order to enforce a judgment (a court order allowing it to seize your property to satisfy the debt), there are a number of ...
- Consumer Financial Protection Bureau to oversee debt collectors ...
Oct 24, 2012 ... Approximately 30 million Americans have, on average, $1,500 of debt subject to collection. Debt collectors often report consumers' collection ...
- A fact sheet - Consumer Financial Protection Bureau
$1,500: average amount of debt subject to collection. • 4,500: approximate number of debt collection firms in the United States. • $12.2 billion: approximate ...
- Consumer bureau to unveil rules overseeing debt-collection firms ...
Oct 23, 2012 ... About 30 million Americans have debt subject to collection, with an average amount overdue of $1,500, the bureau said. The figure is up nearly ...