What are the differences between receiving payment on a collection basis, on an average collection basis, and

Question:

What are the differences between receiving payment on a collection basis, on an average collection basis, and on a basis?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...