indorsement for collection

See for collection.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • for collection — 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… …   Ballentine's law dictionary

  • 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 — I noun acceptance, accord, acquiescence, adfirmatio, affirmance, agreement, approbation, approval, assent, authorization, backing, certification, championship, compliance, comprobatio, concurrence, confirmatio, confirmation, consent,… …   Law dictionary

  • indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …   Black's law dictionary

  • indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …   Black's law dictionary

  • indorsement — Literally, as derived from the Latin indorsa, a writing on the back; employed in common as well as legal usage to designate the transaction whereby the holder of a bill or note transfers his right to such instrument to another person and incurs… …   Ballentine's law dictionary

  • collection indorsement — An indorsement on an item that is restrictive because it signifies a purpose of deposit or collection by including words such as for collection , for deposit , pay any bank , or like terms. U.C.C. No. 3 205(c). See also for collection …   Black's law dictionary

  • for clearing house purposes only — An ordinary form of indorsement of a check by a bank holding it for collection; an indorsement which does not constitute a representation that the bank is the owner. 10 Am J2d Bks § 840 …   Ballentine's law dictionary

  • for deposit — A form of restrictive indorsement. 11 Am J2d B & N § 362. A restrictive indorsement which indicates that the indorsee bank is an agent for collection, not the owner. 10 Am J2d Bks § 403 …   Ballentine's law dictionary

  • for account of — A form of indorsement of commercial paper for collection. 10 Am J2d Bks § 407; 12 Am J2d B & N § 1277 …   Ballentine's law dictionary

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