AVERAGE COLLECTION PERIOD
\ˈavɹɪd͡ʒ kəlˈɛkʃən pˈi͡əɹɪəd], \ˈavɹɪdʒ kəlˈɛkʃən pˈiəɹɪəd], \ˈa_v__ɹ_ɪ_dʒ k_ə_l_ˈɛ_k_ʃ_ə_n p_ˈiə_ɹ_ɪ__ə_d]\
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The number of days outstanding a receivable is during the accounting period.
By Henry Campbell Black