Information: - A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. - A contractual term is "Any provision forming part of a contract". Each term gives rise to a contractual obligation, breach of which can give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract. - A sovereign state is, in international law, a nonphysical juridical entity that is represented by one centralised government that has sovereignty over a geographic area. International law defines sovereign states as having a permanent population, defined territory, one government, and the capacity to enter into relations with other sovereign states. It is also normally understood that a sovereign state is neither dependent on nor subjected to any other power or state. - A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. - Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum ("i.e." the amount borrowed). It is distinct from a fee which the borrower may pay the lender or some third party. - A creditor is a party (e.g. person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is the creditor, which is the lender of property, service or money. - A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower or debtor may be a sovereign state or country, local government, company, or an individual. The lender or creditor may be a bank, credit card company, payday loan provider, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. - In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. - A collection agency , also known as a debt collector , is a business or other entity that specializes in debt collection , i.e. pursues payments of debts owed by individuals or businesses . Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed . There are many types of collection agencies . First - party agencies are often subsidiaries of the original company the debt is owed to . Third - party agencies are separate companies contracted by a company to collect debts on their behalf for a fee . Debt buyers purchase the debt at a percentage of its value , then attempt to collect it . Each country has its own rules and regulations regarding them . - A metaphor is a figure of speech that refers, for rhetorical effect, to one thing by mentioning another thing. It may provide clarity or identify hidden similarities between two ideas. Where a simile compares two items, a metaphor directly equates them, and does not use "like" or "as" as does a simile. One of the most commonly cited examples of a metaphor in English literature is the "All the world's a stage" monologue from "As You Like It": - Local government is a form of public administration which, in a majority of contexts, exists as the lowest tier of administration within a given state. The term is used to contrast with offices at state level, which are referred to as the central government, national government, or (where appropriate) federal government and also to supranational government which deals with governing institutions between states. Local governments generally act within powers delegated to them by legislation or directives of the higher level of government. In federal states, local government generally comprises the third (or sometimes fourth) tier of government, whereas in unitary states, local government usually occupies the second or third tier of government, often with greater powers than higher-level administrative divisions. - A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords. - A Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms such as: After reading the paragraphs above, we are interested in knowing the entity with which 'collection agency' exhibits the relationship of 'subclass of'. Find the answer from the choices below. Choices: - account - area - asset - bank - company - credit - credit card - employment - entity - figure of speech - finance - financial institution - forming - fourth - general - government - gravity - institution - interest rate - law - legal entity - legislation - line - liquid - loan - metaphor - order - organization - party - payment - payment card - person - population - public - public administration - second - service - sovereign state - speech - state - sum - system - term - time - value - western
Answer:
organization