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GLOSSARY

Debts or receivables

The schedule of work a Member RMA processes in order to try and collect debts (also known as a Workflow)

On-going debts being collected

Profitable enough to warrant a cost investment

The levels of professionalism in approach an RMA can demonstrate e.g the training of its agents, how data is protected by the RMA, how secure are its payments process and client money, once debts have been collected etc

The arrangement whereby debt collection services are offered on a “commission on collection” basis

Criminal records bureau checks

A company, an organisation or individual who places debts for collection onto the Metwork platform

Group of debts/accounts/receivables

The layout of the debt information (usually on an excel file) that is transferred to the RMA.

  • (a) The age of the debt. The older it is the more difficult it is to collect
  • (b) the quality of the contact data supplied. Is there a phone number, an email, a work telephone number, the full address available etc? The less the amount of contact data available the more the Member has to do to find it.
  • (c) The level of dispute around the debts. Are people refusing to pay because services haven’t been carried out or information hasn’t been supplied?
  • (d) Amount of work already processed to try and collect the debts. How many letters, emails and calls have been sent/made and have the debts been placed with another agency prior to placing on Metwork?

RMAs based in the same country as the debt placer.

Formal checking process to establish the business credentials of a party

Secure online facility provided by RMAs (Metwork members) that supplies information and analysis to the debt placer on the progress of their accounts.

Laws and guidance governing the work of collection agencies

A formal procurement process where multiple bidders are invited to submit a detailed proposal

Materials and know-how that specifically are the creation of a particular party and as such are subject to ownership rights.

The debt collection system that the RMA( Metwork Member) works on.

A Receivables Management Agency or RMA, better known as a debt collection agency who may place bids to collect your accounts.

A company, an organisation or individual who places debts for collection onto the Metwork platform.

A rapid procurement process. Usually sent to “preferred potential bidders”

Amounts of debt that have been collected

If no debt has been collected in that reporting period the RMA must record a 0, as opposed to not recording a figure.

One payment based on a forecast of how much debt will be collected

Group of debts/accounts/receivables

Would be considered by all interested parties as a “fair proposal” based on the information supplied

Debts or accounts

The amount of debt that a member RMA predicts will be collected.

Receivables Management Agency/ Metwork member

A formal procurement process where multiple bidders are invited to submit a detailed proposal.

An amount an RMA will charge for finding someone who has disappeared from an address

Sending the debt amounts and personal information to the RMA so they can start collecting them

A legal action resulting in a court judgment awarded against the defendant

To cancel a placement of debts already on the Metwork platform

The difference it costs a Member to collect a debt and the commission they earn from collecting it.

Canada’s on the internet sports betting industry even offers activities followers a handy and exciting feel

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Canadian on the web wagering platforms bring a huge selection of betting avenues to match the new diverse choice out of bettors. For all activities, leverage within the-gamble or real time betting provide strategic pros. Since the games unfold, mindful bettors can also be room trend or alterations in momentum not reflected inside the pre-online game oddsbining a-deep comprehension of the sport which have actual-go out observations allows for agile, informed playing choices:

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Gambling enterprise Certification And Defense

Earliest, going for that with a decent profile and you may a credibility out of providing a secure and you can fair gambling ecosystem is crucial. It would assist for individuals who sought after authorized and you will regulated casinos identified by reliable regulators, as this guarantees that they go after rigorous requirements and member defense actions.

Games Alternatives And you can Variety

An advantage-rich online casino is always to promote some online game to help you appeal to additional needs. Find online casinos with a diverse position choice, numerous dining table game, and you may alive broker games. As well, verify that the new gambling establishment lovers having reputable app business, because this assurances large-quality and reasonable game play.

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Reading user reviews And Character

A betting feel shall be notably increased insurance firms a user-amicable program and you can effortless navigation. Pick online casinos that have an user-friendly style, easy-to-explore has, and you may fast packing times:

  • Take care to comprehend recommendations, look at user viewpoints, and examine these points to ensure a worthwhile and you may enjoyable gambling feel in the a plus-rich online casino in the Canada;
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