Usually means: Recovery of owed money payments.
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We found 5 dictionaries that define the word debt collection:

General (4 matching dictionaries)
  1. debt-collection: Wordnik
  2. debt collection: Wiktionary
  3. Debt collection, The Debt Collection: Wikipedia, the Free Encyclopedia
  4. debt collection: Longman Dictionary of Contemporary English

Medicine (1 matching dictionary)
  1. Debt collection: Medical dictionary

Definitions from Wiktionary (debt collection)

noun:  (law) The process of pursuing payments of debts owed by individuals or businesses.

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