Meaning of “debt recovery” in the English Dictionary


"debt recovery" in Business English

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debt recoverynoun [ U ]

uk us

FINANCE the process of making people or companies pay the money that they owe to other people or companies, when they have not paid back the debt at the time that was arranged:

When problems arise, professional debt recovery has proved to be an effective way of regaining lost money.

(Definition of “debt recovery” from the Cambridge Business English Dictionary © Cambridge University Press)