Definition of Collection charge

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TeachMeFinance.com - explain Collection charge




historic definition...

Collection charge -- A charge made by banks for the collection of checks, drafts, promissory notes, etc., which are payable (collectable) in other places.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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