A system by which a customer allows a company to make charges to his or her bank account automatically.

Money given in advance to show intention to complete the purchase of a property. (source: http://www.investorwords.com/1411/deposit.html#ixzz2Yet93hzF)

A person who fails to make requirement payments on time.

A debt which has been incurred and will be paid back at some point in the future. (source: http://www.investorwords.com/1365/deferred_payment.html#ixzz2Sd9pWWcD)

The act of delaying; procrastination; loitering. (source: http://dictionary.reference.com/browse/delay)

Business runned by a collection agency that pursues payments of debts owed by individuals or businesses. (source: http://en.wikipedia.org/wiki/Collection_agency)

Someone whose job is to make people pay back the money they owe. (source: http://www.macmillandictionary.com/dictionary/british/debt-collector)

An entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person.

An obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the