The-definition.com

Definition

Fair Debt Collection Practices

Fair Debt Collection Practices Act is the law passed by the U.S. Congress limiting how far a creditor can go in pressing a loan customer to pay up.

Share it:  Cite

More from this Section

  • Net Present Value
    Net Present Value is capital budgeting criterion, which compares the present value of ...
  • Repurchase agreement (RP)
    Repurchase agreement (RP) is a money market instrument that involves the temporary sale ...
  • Other-insurance provisions
    Other-insurance provisions whose purpose is to prevent profiting from insurance and violation ...
  • Nondiversifiable risk
    Nondiversifiable risk is a risk that affects the entire economy or large numbers of persons ...
  • Bond rating
    Bond rating is a rating based on the possibility of default by a bond issuer. The ratings ...