The quality of being able to be collected or gathered; especially the likelihood that a debt can be successfully collected.
From Latin 'colligere' (to gather together) from 'con-' (together) and 'legere' (to pick), with English suffix '-ibility' (quality of). Commonly used in banking and debt collection industries.
Credit agencies obsess over collectibility—how likely they can actually get money from you—which is why your credit score matters so much: it's their prediction of whether you'll actually pay them back.
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