| Account
Servicing:
Monitoring the status
of accounts of indebtedness,
monitoring records
of current debts,
billing for amounts
due, collecting amounts
due, handling debtor
correspondence, performing
follow-up functions,
and providing accurate
reporting of debt
portfolios. |
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| Accrue:
Process of increasing account value, usually associated
with interest or other time-related increases in account
value. |
| |
| Administrative
Costs/Charges:
Additional costs incurred
in processing and
handling a debt because
it has become delinquent.
Costs should be based
on actual costs incurred
or cost analyses which
estimate the average
of actual additional
costs incurred for
particular types of
debt at similar stages
of delinquency. Administrative
costs should be accrued
and assessed from
the date of delinquency.
(See "Delinquency.") |
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| Administrative
Offset:
Withholding money
payable by the federal
government to a person
or held by the government
for a person or entity
in order to satisfy
a debt that the person
or entity owes the
government. |
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| Advance
Construction:
States or local governments
independently raise
upfront capital required
for a federally approved
project and preserve
eligibility for future
federal-aid reimbursement
for that project.
At a later date, the
state can obligate
federal-aid highway
funds for reimbursement
of the federal share.
This tool allows states
to take advantage
of access to a variety
of capital sources,
including its own
funds, local funds,
anticipation notes,
revenue bonds, bank
loans, etc., to speed
project completion.
|
| |
| Allowance
for Uncollectible
Accounts:
Account established
to reduce receivables
for estimates of uncollectible
amounts to reflect
the assets at their
net realizable value.
|
| |
| Amortization:
Provision made in advance for the gradual reduction of
an amount owed over time. |
| |
| Appraisal:
Formal valuation of property, made by a competent authority. |
| |
| Asset:
Any item of economic value, either physical in nature
(such as land) or a right to ownership, expressed in cost
or some other value, which an individual or entity owns.
|
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