Meaning of the word: Collection
The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the lender deducts from the debtor's account the amount owing. The collection is used, for example, to cover an habitual payments for electricity, gas, water and the like.
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State supervision
State supervision controls the interest of consumer protection. It is a public authority which is controlling, if the insurance institutions are able…
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