COLLECTION AGENCY
\kəlˈɛkʃən ˈe͡ɪd͡ʒənsi], \kəlˈɛkʃən ˈeɪdʒənsi], \k_ə_l_ˈɛ_k_ʃ_ə_n ˈeɪ_dʒ_ə_n_s_i]\
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A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called "dunning" letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.
By Oddity Software
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.