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Glite Dictionary
💵 Chance of payment 🖼️ Desirability to collectors
collectibility

collectibility

7.2
Chance that money owed will be paid
  • noun
  • /kəˌlɛktəˈbɪləti/
  • Specialized
translation icon : cobrabilidad
  • The primary reason for submission of an OIC is "doubt as to collectibility."
  • Doubt as to collectibility

Examples

  • The bank's assessment of the loan's collectibility indicated a high likelihood of repayment based on the borrower's income.

  • Doubt as to collectibility exists where your assets and income are less than the amount required to pay the entire assessed liability.

    Academic text (2006)

  • When the IRS determines collectibility, it generally does not consider the assets and income of an innocent spouse.

    Academic text (2006)

  • To improve the collectibility of overdue bills, the company implemented a more rigorous follow-up process with clients.

  • The financial report highlighted concerns about the collectibility of debts from clients who have declared bankruptcy.

Synonyms

collectability
vscollectibility
  • Specialized
5.7

How likely someone is to pay money they owe

presents the general likelihood of being paid rather than a measured amount

Antonyms

uncollectable
  • UK
1 5.3

Impossible to get back money that someone owes

How Likely

receivable
  • Specialized
6 6.5
collectibility
  • Specialized
7.2
bad debt
  • Specialized
9 4.1

Surface Forms

collectibility singular
collectibilities plural

Morphology

collectibility = collectible (transparent) = collect + ible + ity

The noun is formed by adding '-ity' to the recognizable adjective 'collectible' (itself 'collect' + '-ible'), yielding the state or quality of being collectible in the financial sense.

Etymology

Collectibility comes from the base collect, which originally meant 'gather'. So when we speak of the collectibility of money owed, we are talking about how likely you are to 'gather in' or get that money.