Repayment by a licensed institution refers to repayment of loans by a licensed financial institution, which refers to a licensed financial institution approved by the national financial regulatory department. It is divided into bank license, small loan company license, internet small loan company license, consumer finance license and so on. A collection contract is a contract in which banks collect money on behalf of customers according to various vouchers.

A licensed financial institution refers to an institution that must hold a relevant license to engage in financial activities, otherwise it cannot engage in related business activities. There are three kinds of licensed financial institutions, namely funds, stocks and insurance. Here, the fund license can also be divided into fund subsidiary license, fund sales license, fund sales payment license and so on. When investing in financial management, funds are the most contacted by people, but when investing in funds, different funds face different risks when investing. And investment funds must master certain skills. Only in this way can you make money. It should be noted that investment funds must use personal spare money.