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Glossary Term: COLLECTION PERIOD

Definition(s) for COLLECTION PERIOD:


1. ) Also known as collection ratio, it refers to the number of days, on the average, that a firm requires for collection of a credit sale. The length of the collection indicates the effectiveness with which a company's management grants credit and collects from customers. The collection period is calculated by dividing accounts receivable by average daily credit sales.

2. ) The Period Commencing On The First Day Of The Applicable Month (Or In The Case Of The First Collection Period, The Cutoff Date) And Ending On The Last Day Of The Applicable Month, And With Respect To Each Payment Date Is The Month Immediately Preceding Such Payment Date.

3. ) With Respect To The First Distribution Date, The Period Beginning And Ending On The Dates Specified In A Related Prospectus Supplement, And For Any Subsequent Distribution Date, The Three Full Calendar Months Preceding A Distribution Date Or Such Other Periods As May Be Described In A Prospectus Supplement.



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