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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.

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The greater the combination, the bigger brand new victory

A casino slot games was a mechanical, electromechanical, otherwise digital betting machine that gives the Winawin possible opportunity to profit even more versus very first wager you put. For it, you have to collect a fantastic mix of icons towards the spinning reels of your slot over the payline.

The newest terms included in ports

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  • Reels. A beneficial reel into the a position online game is a straight column you to definitely alternates individuals icons while in the a go. You’ll find twenty-three- in order to eight-reel position video game, and also the reels assist to mode paylines.
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  • Line Bet. This is the amount of gold coins bet on an individual effective payline through the a go.
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  • Denomination or worth of brand new coin. In addition to choosing how big new bet, specific video harbors on line require the member to put the significance of a single coin. You will find game hosts one determine wagers and you may profitable wide variety, playing with within the-game potato chips and you may loans in lieu of real cash.
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  • Shell out Dining table. This is a different sort of reference area of the slot machine game screen that presents payment prices, bonus enjoys, final earnings, as well as the guidelines out-of just how effective combinations is actually molded.
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  • Double-Right up or Chance Games. The choice enabling that double the past commission count can be triggered immediately after a winning bullet in case your you’ll payment doesn’t go beyond the restrict place because of the supplier. Oftentimes, an individual try caused to assume along with or suit from playing cards. Possibly, but not, a risk video game can come while the an alternate motif-established round. Guessing precisely multiplies the amount acquired; while, and make a mistake ensures that the player seems to lose the earnings.
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