noun the act of demanding payment or debt collection
adjective related to demanding payment or debt collection
In finance, dunning refers to the process of communicating with customers who have overdue payments to remind them to pay their outstanding balance.
In legal contexts, dunning may refer to the legal procedures involved in debt collection and the regulations that govern dunning practices.
In customer service, dunning may involve handling customer inquiries and complaints related to dunning notices or payment reminders.
In accounting, dunning refers to the collection process for outstanding accounts receivable, including sending dunning letters or making dunning calls.
In business management, dunning is a key component of credit control and cash flow management, ensuring timely payment from customers to maintain financial stability.
In the publishing industry, writers may use dunning letters to remind clients or publishers of outstanding payments.
Psychologists may use dunning techniques to encourage clients to follow through with payment for services rendered.
Accountants may use dunning procedures to collect overdue payments from clients or vendors.
Lawyers may employ dunning strategies to ensure that clients pay for legal services in a timely manner.
Business owners may use dunning letters or calls to collect outstanding debts from customers.
Debt collectors specialize in dunning practices, working to recover unpaid debts on behalf of creditors.