- A form of restrictive indorsement. 12 Am J2d B & N § 1278. A form of restrictive endorsement of commercial paper left with a bank for collection, whereunder the bank becomes a mere agent of the depositor for the purpose of obtaining funds upon the paper. 10 Am J2d Bks § 402. An indorsement which warns the drawee bank that the responsibility of determining the genuineness of the paper is placed upon it. 10 Am J2d Bks § 615.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
for collection — A form of indorsement on a note or check where it is not intended to transfer title to it or to give it credit or currency, but merely to authorize the transferee to collect the amount of it. Such an indorsement is restrictive. U.C.C. No. 3… … Black's law dictionary
indorsement for collection — See for collection … Ballentine's law dictionary
transmission for collection — The sending of commercial paper to a bank for collection. 10 Am J2d Banks § 308 … Ballentine's law dictionary
deposit for collection — A transaction wherein a customer delivers commercial paper to a bank and the bank undertakes as agent for the customer the duty of making the collection. 10 Am J2d Banks § 403 … Ballentine's law dictionary
bills for collection — payments to be received or collected … English contemporary dictionary
Collection II — Compilation album by Misfits Released November 14 1995 … Wikipedia
collection — I (accumulation) noun accession, accretion, acervation, acervus, acquisition, addition, agglomeration, aggregate, aggregation, amassment, amount accrued, compilation, concentration, congestus, conglomerate, conglomeration, convergence, cumulation … Law dictionary
collection — Obtaining payment. American Banker Glossary The presentation of a negotiable instrument for payment, or the conversion of any accounts receivable into cash. Bloomberg Financial Dictionary * * * collection col‧lec‧tion [kəˈlekʆn] noun 1.… … Financial and business terms
Collection of Human Right Poems — The Collection of Human Right Poems is a poetry anthology that records Chinese right protected history, especially numerous activities since the new century. Besides, it embodies the works of many authors reflecting people s consciousness and… … Wikipedia
collection — [[t]kəle̱kʃ(ə)n[/t]] ♦♦ collections 1) N COUNT: oft N of n A collection of things is a group of similar things that you have deliberately acquired, usually over a period of time. Robert s collection of prints and paintings has been bought over… … English dictionary