collection item

collection item
An item that a bank takes for its customer's account for which credit is not given until payment for the item is actually received. A documentary draft is ordinarily treated as a collection item

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • collection item — collection item, Banking. a deposited check, draft, or note which, unlike a cash deposit, is not credited to the account of the depositor until it is paid by the bank against which it is drawn …   Useful english dictionary

  • Collection item — A collection item (also called a noncash item) is an item presented to a bank for deposit that the bank will not, under its procedures, provisionally credit to the depositor s account or which the bank cannot (due to provisions or law or… …   Wikipedia

  • collection item — An item that a bank takes for its customer s account for which credit is not given until payment for the item is actually received. A documentary draft is ordinarily treated as a collection item …   Black's law dictionary

  • Item — may refer to:* Item, entry in a list, or one object in a collection of objects. * Item, the name of a town in Abia State of Nigeria. * Collector s item, an object or item of any kind that has become valuable * Configuration item, form the basis… …   Wikipedia

  • Collection (computing) — In computer science, a collection is a grouping of some variable number of data items (possibly zero) that have some shared significance to the problem being solved and need to be operated upon together in some controlled fashion. Generally, the… …   Wikipedia

  • item — i·tem (ī’təm) n. 1. A single article or unit in a collection, enumeration, or series. 2. A clause of a document, such as a bill or charter. 3. An entry in an account. 4. a) A bit of information; a detail. b) …   Word Histories

  • Item (game) — In pencil and paper games and computer and video games, an item is an object within the game world that can be collected by a player or, occasionally, a non player character. These items are sometimes called pick ups .Items are most often… …   Wikipedia

  • item — [[t]a͟ɪtəm[/t]] ♦♦ items 1) N COUNT An item is one of a collection or list of objects. → See also collector s item The most valuable item on show will be a Picasso drawing... The menu includes the occasional off beat item. 2) N COUNT An item is… …   English dictionary

  • Collection agency — A collection agency is a business that pursues payments of debts owed by individuals or businesses.[1] Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.[2] There are many… …   Wikipedia

  • collection — A group of things assemhled, as a collection of rocks; an item of husiness of a collection agency or, as the term is sometimes used, of a lawyer in the commercial line; the act of receiving payment of a debt, whether payment be voluntary or… …   Ballentine's law dictionary

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