indorsement for collection
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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
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
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
