for collection

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 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. . 1998.

Игры ⚽ Нужно решить контрольную?

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

  • 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

  • Collection II — Compilation album by Misfits Released November 14 1995 …   Wikipedia

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  • 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

  • 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 [kəˈlekʆn] noun 1.… …   Financial and business terms

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  • 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

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