collection indorsement

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).

Black's law dictionary. . 1990.

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  • 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

  • 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

  • collection — Process through which an item passes in a payor Uniform Commercial Code, Article 4. See also collection indorsement …   Black's law dictionary

  • collection — Process through which an item passes in a payor Uniform Commercial Code, Article 4. See also collection indorsement …   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

  • indorsement for collection — See for collection …   Ballentine's law dictionary

  • restrictive indorsement — An indorsement of a negotiable instrument which either prohibits the further negotiation of the instrument, or constitutes the indorsee the agent of the indorser, or vests the title in the indorsee in trust for or to the use of some other person …   Ballentine's law dictionary

  • 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

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