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Inkasso

debt collection

noun in-KAS-so Rare
People & Society Money

Origin: from Italian 'incasso' (collection)

Usage Note

Inkasso is the process of collecting overdue payments, often handled by a specialist Inkassobüro (debt collection agency). An Inkassoschreiben is the formal demand letter sent to debtors, carrying additional fees.

Examples

"Da die Rechnung nicht bezahlt wurde, wurde die Forderung an ein Inkassounternehmen übergeben."

Natural Translation

Since the invoice was not paid, the claim was passed on to a debt collection agency.

Literal Translation

Since the invoice not paid was, was the claim to a debt-collection-company transferred.

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