costs of collection

costs of collection
A provision in a promissory note which has reference to an attorney's fee for plaintiff's attorney in case the note is not paid at maturity and suit is instituted thereon and maintained successfully. 11 Am J2d B & N § 163.

Ballentine's law dictionary. . 1998.

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  • costs — A pecuniary allowance, made to the successful party (and recoverable from the losing party), for his expenses in prosecuting or defending an action or a distinct proceeding within an action. In federal courts, costs are allowed as a matter of… …   Black's law dictionary

  • costs — A pecuniary allowance, made to the successful party (and recoverable from the losing party), for his expenses in prosecuting or defending an action or a distinct proceeding within an action. In federal courts, costs are allowed as a matter of… …   Black's law dictionary

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