Definition of Collection item

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TeachMeFinance.com - explain Collection item




historic definition...

Collection item -- Same as collection; a general name in banking for a promissory note, draft or check which a bank holds for collection from another bank or from an individual.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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