THIRD PARTY RECOVERY Definition

Bookmark and Share

THIRD PARTY RECOVERY normally refers to delinquent accounts receivable recovered by a collection agency for a fee.

Learn new Accounting Terms

VALIDATE is to a. declare or make legally valid; b. mark with an indication of official sanction; or, c. to establish the soundness of; corroborate.

SETTLEMENT DISCOUNT is the discount percentage offered for payment within the settlement period. Many vendors offer settlement discounts for early payment of invoiced amounts.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.