Collection fractions
The percentage of a given month's sales collected during the month of sale and each month following the month of sale. |
Similar financial terms
Collection floatThe negative float that is created between the time when you deposit a check in your account and the time when funds are made available.
Collection policy
Procedures followed by a firm in attempting to collect accounts receivables.
Receivables balance fractions
The percentage of a month's sales that remain uncollected (and part of accounts receivable) at the end of succeeding months.
