debt recovery Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​companiespay 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, ​professionaldebtrecovery has proved to be an ​effective way of ​regaininglostmoney.
(Definition of debt recovery from the Cambridge Business English Dictionary © Cambridge University Press)
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