collection notice

Definitions

A formal notification sent to a debtor stating that a payment is overdue and requesting immediate settlement of the balance.

A legal or administrative document informing an individual that their personal data is being gathered, specifying the purpose and scope of the data usage.

Examples

The company issued a formal collection notice after the client failed to pay the outstanding invoice for three consecutive months.

Before we begin gathering your personal data, please review our privacy policy and the attached collection notice.

Synonyms

dunning letter payment demand overdue account notice debt recovery letter past due notification

Antonyms

payment confirmation account statement receipt of payment zero balance notice account clearance letter